#493655, Listing office: RE/MAX Edge
#RLS20022995·
Listing office: Corcoran Group·
Listing agent: Marvin Chu·
Listing agent phone: (718) 685-9430·
Listing office phone: (212) 355-3550
$5,600,000 List price
251 Powers St New York City, NY 11211
9 beds
8 full, 2 partial
6,260 sqft
$895 / sqft
Multi-Family
Property details
About 251 Powers St
<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>
Highlights
Home typeMulti Family
StatusActive
CoolingOther
Size6,260 sqft
BasementYes
MLS #RLS20022995
ViewOther
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 8
- Basement: Yes
- Interior: Smoke Free
- Total Bedroom Count: 9
- View: Other
- Exterior: Private Outdoor Space Over 60 Sqft
- Cooling: Other
- List Price: $5,600,000
- Price/SqFt: $894
- Living Area: 6,260 SqFt
- MLS Number: RLS20022995
- MLS Name: RLS
- Office Name: Corcoran Group
- Office Phone: (212) 355-3550
- Listing Agent: Marvin Chu
- Agent Phone: (718) 685-9430
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumers' consideration of the purchase and/or sale of an individual property.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/25/2025, 5:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
4
P.S. 147 Isaac Remsen School
Public District PK-5
0.3 mi
•325 Bushwick Ave
6
P.S. 196 Ten Eyck School
Public Magnet PK-5
0.3 mi
•207 Bushwick Ave
6
P.S. 132 The Conselyea School
Public District KG-5
0.3 mi
•320 Manhattan Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $66,880. Typical income of New York City, NY residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
32%
<35k
42%
35k-100k
22%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
78%
Single, No Kids
4%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
58%
18-34 yrs old
23%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 251 Powers St
The listing price of 251 Powers St property is $5,600,000.
The property 251 Powers St is a multi located in New York City, New York, 11211.
Active Listing: 251 Powers St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 251 Powers St are: P.S. 147 Isaac Remsen School (GreatSchools Rating 4/10), P.S. 196 Ten Eyck School (GreatSchools Rating 6/10), P.S. 132 The Conselyea School (GreatSchools Rating 6/10), Middle School 582 (GreatSchools Rating 5/10), Conselyea Preparatory School (GreatSchools Rating 7/10), John Ericsson Middle School 126 (GreatSchools Rating 5/10), Progress High School for Professional Careers (GreatSchools Rating 2/10), East Williamsburg Scholars Academy (GreatSchools Rating 3/10), High School of Enterprise, Business and Technology (GreatSchools Rating 2/10).
The property 251 Powers St is 6,260 SqFt (source: MLS/tax record).
This home is located at 251 Powers St in New York City, NY and zip code 11211 in the East Williamsburg neighborhood. Features: 9 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $5,600,000.
While more than 232 listings in New York City, NY in June 2025 were sold above asking price, there were more than 1007 listings sold at asking price, and more than 715 were sold below. The inventory of homes for sale in New York City, NY between May and June 2025 decreased by 4.3%. The median list price of listings available in June 2025 was $881,252, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.