251 Powers Street, Brooklyn, NY 11211
Local realty services provided by:CENTURY 21 Awaye Realty
251 Powers Street,Brooklyn, NY 11211
$5,495,000
- 12 Beds
- 9 Baths
- 5,030 sq. ft.
- Multi-family
- Active
Listed by: arlene groder
Office: compass
MLS#:RLS20073026
Source:NY_REBNY
Price summary
- Price:$5,495,000
- Price per sq. ft.:$1,092.45
About this home
<strong>Prime Williamsburg Investment Property with End-use Upside</strong> : Discover a unique opportunity at 251 & 251 1/2 Powers Street, a meticulously maintained multi-family property projecting a 5.6% cap rate and over $315K net income. 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.<br><br><br>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).<br><br><br>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.<br><br><br>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.<br>...
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Home facts
- Year built:1920
- Subdivision & Development:East Williamsburg
- Listing ID #:RLS20073026
- Added:205 day(s) ago
- Updated:September 14, 2026 at 11:13 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:9
- Full bathrooms:7
- Half bathrooms:2
- Rooms Total:16
- Kitchen Description:Dishwasher
- Basement:Yes
- Living area:5,030 sq. ft.
Structure and exterior
- Year built:1920
- Building area:5,030 sq. ft.
- Exterior Features:Building Garden
- Levels:3 Story
Finances and disclosures
- Price:$5,495,000
- Price per sq. ft.:$1,092.45
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Common Area, Dryer, Washer
- Amenities:EntranceFoyer
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