NY > Brooklyn > East Williamsburg
Brooklyn, NY 11211,251 POWERS Street
Brooklyn, NY 11211,251 POWERS Street
Brooklyn, NY 11211,251 POWERS Street
10
See all 10 photos
$5,600,000
Est. payment /mo
Save
9 Beds
9 Baths
6,260 SqFt
Active

251 POWERS Street Brooklyn, NY 11211

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
19
Dec
Sat
20
Dec
Sun
21
Dec
Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,260 sqft

Price per Sqft $894

Subdivision East Williamsburg

MLS Listing ID RLS20022995

Bedrooms 9

Half Baths 2

HOA Y/N No

Annual Tax Amount $12,120

Property Sub-Type Multi Family

Property Description

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 5.6% 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.


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.

Location

State NY

County Kings

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Other

Fireplace No

Laundry Building Other

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

View Other

Porch None

Private Pool No

Building

Dwelling Type Townhouse

Story 3

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $1, 010

Special Listing Condition Standard

Pets Allowed Building Yes, No

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

GET MORE INFORMATION

Anthony Guerriero

Anthony Guerriero

Broker

+1(646) 376-8752

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Manhattan Miami Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

251 POWERS Street

Why Invest in Miami

Miami Real Estate is among the most valuable in the world. Miami, Florida has been growing in terms of importance for the last two decades.

Moving to Miami

Are you thinking of moving to Miami? You are not alone. Miami has seen significant migration from high tax states, Central and South America and even Europe over the last decade.  Here a small guide to help you decide before making  the move.

Buying Pre-Construction

Buying a pre-construction condo in Miami is an exciting proposition that needs to be planned and approached diligently. Learn some of the major things you need to know when buying a pre-construction.

Foreign Buyers

For foreign investors, the US real estate market might be something of a mystery. But in our experience helping buyers find the right home or investment property in the US, we’ve found that the US real estate market can be transparent and friendly for foreigners

Manhattan Miami Real Estate

Learn about our services in two of the most important real estate markets in the country.

Case Studies

No matter the walk of life, we will guide you through the buying process of finding the right home for you. Hear about our client's stories and see where you fit in.

QUICK SEARCH
There are 24 quick searches