$6,250,000
Updated 7 years ago
Off Market

251 Powers Street

East Williamsburg, Brooklyn | Bushwick Ave & Graham Ave

3 Rooms12 Beds1 Bath6,000 Square FeetIncome Property

$6,250,000
floors / apts3 / 6
Lot Size25'x116'7"
Built Size25'x50'
ZoneR6B
Building TypeTownhouse
RE Taxes$8,139
Price Per SF
$1,042

Listing Features

  • Central AC
  • Central Heat

Outdoor space and views

  • Backyard
  • City Views
  • Courtyard
  • Garden Views

Building Amenities

  • Voice Intercom

Property Description for 251 Powers Street

251 Powers Street is a newly renovated 25 FOOT WIDE Townhouse For Sale in Williamsburg. This is a 7 family TH. 6 units in front Townhouse property that is a mint condition. Your Bonus is a Backhouse, a FOUR bedroom stand alone house. This is a great property situated in one of the fastest growing neighborhoods in Brooklyn. The main building consists of Five One Bedrooms. ,1 bath and a One Bedroom duplex 1 1/2 baths.This frame and steel property is in just renovated condition from the foundation up. 251 Powers is situated on a massive 25 ft x 116 ft lot. Improvements include a three (3) story, 5000 sqft main house plus a two (2) story rear carriage house. There are six (6) units in the front house and one (1) in the rear house. 100% of the apartments are free market rents; property is fully leased-up and will be delivered fully occupied.This is your chance to purchase a Townhouse you will love to live in . . . The apartment mix includes four (4) loft style 1 bedrooms, two (2) 1.5 bedroom/1.5 bathroom duplexes and one (1) 4 bedroom 2 bathroom. The units are highly desirable with large open floor plans, tall ceilings, excellent sun light plus central heat and air conditioning. Laundry is in basement. All utilities are separately metered. One block from the L train at Grand St and 10 minutes from the G train at Metropolitan Ave/Lorimer St.Approximate income $256,000 a year251 Powers Streetthe rent currently as of now: RCH - $5,200, Apt 1L - $2,500, Apt 1R- $2,500,2L- $2,600, 2R (vacant),3L -$2,750,3R- $2,400, and3L is $2,500.The expenses are the followings:Taxes - $8,400,Water -$1,600,Elec & Gas -$2,300,Insurance -$6,800, Management Fees -$4,500, Super $3,000. Please call for a private showing.

Listing History for 251 Powers Street

Now
10/12/2019
TOM by Arlene Groder
Douglas Elliman
02/21/2019
Back on the Market by Arlene Groder
Douglas Elliman

Building Details for 251 Powers Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.09 miles
Graham Av
0.23 miles
Montrose Av
0.37 miles

Citi Bike

Powers St & Olive St
0.06 miles
Bushwick Ave & Powers St
0.07 miles

Contact Agents

Contact Agents

Arlene Groder
Douglas Elliman
Ivan Hernandez
Douglas Elliman

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 50986TH