251 Powers St Brooklyn, NY 11211
East Williamsburg NeighborhoodEstimated payment $31,983/month
Total Views
148
9
Beds
10
Baths
6,260
Sq Ft
$895
Price per Sq Ft
About This Home
Prime Williamsburg Investment Property with End-use Upside : Discover a unique opportunity at 251 & 251 1/2 Powers Street, a meticulously maintained multi-family property projecting a 5.5% cap rate. This property features 7 fully-leased free-market turnkey units across a substantial 25x117 lot with 6,260 gross interior SF, presenting a compelling investment with the possibility of an owner's residence in the serene rear carriage house.
The main 3-story building (3,750 SF above-grade) comprises two well-appointed 1-bedroom floor-through apartments on the upper levels and two flexible convertible 2-bedroom / 1.5-bathroom duplexes on the ground floor. Each unit is updated with hardwood floors, efficient mini-split HVAC, and open kitchens with dishwashers. A common laundry room is conveniently located in the full-height cellar (1,250 SF).
Separated by a shared garden - presenting the option for privatization - the rear 2-story carriage house offers an ideal 3-bedroom / 2-bathroom primary residence or a high-yield rental, with the flexibility to adapt to a 4-bedroom layout. Imagine the appeal of residing in a tranquil, 1,280SF private home while benefiting from the significant income stream generated by the six consistently rented units in the front building.
Benefit from the property's excellent connectivity, with the Grand Street & Graham Avenue L train stations within easy reach, along with a variety of established restaurants and cafes on both main streets for dining and services. Residents appreciate the proximity to Cooper Park for green space and recreation. This is a prudent investment in a consistently appreciating and sustainable Brooklyn market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,232
Year Built
- 1920
Lot Details
- 2,925 Sq Ft Lot
- Lot Dimensions are 117.00x25.00
Home Design
Interior Spaces
- 6,260 Sq Ft Home
- 3-Story Property
- Basement
Bedrooms and Bathrooms
- 9 Bedrooms
Utilities
- Cooling Available
Community Details
- 7 Units
- East Williamsburg Subdivision
Listing and Financial Details
- Legal Lot and Block 0044 / 02920
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $5,600,000 | -- | $895 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Similar Homes in Brooklyn, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20022995
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