$1,850,000
Updated 6 years ago
Off Market

114 Powers Street

East Williamsburg, Brooklyn | Leonard Street & Manhattan Ave

1,920 Square FeetMulti-Family

$1,850,000
floors / apts2 / 2
Lot Size16'x100'
Built Size16'x50'
ZoneR6B
Building TypeHouse
RE Taxes$3,646
Price Per SF
$964

Outdoor space and views

  • Backyard

Property Description for 114 Powers Street

Investor's Dream Opportunity! Boasting lots of potential, this great fixer upper in a residential area of East Williamsburg offers a fantastic chance for an investor or contractor to update a 2-unit duplex that makes a great rental or owner finance property. Looking to buy and live in one and rent out the other unit for extra income? That works too! This semi-attached townhouse consists of one 3 bed, 2 bath unit on the ground floor with backyard and an upper level 2 bed, 1 bath unit. While this duplex can certainly use some TLC, there is already so much to love about this home including tiled bathrooms, spacious kitchens with tons of cabinetry and some stainless steel appliances, plus storage and even some parquet wood flooring. A terrific feature of this property that makes it so desirable is its location. This area of Williamsburg is a walker's paradise close to transportation including the Graham Avenue L stop and Metropolitan G/L train. Though residential, you are steps away from a unique blend of longtime storefronts and trendy new spots to shop and dine. Take a look for yourself and see the incredible potential awaiting the savvy investor!!

Listing History for 114 Powers Street

Now
06/26/2020
POM by Eli Haliva
Douglas Elliman
06/24/2020
$1,850,000
Initial Price by Eli Haliva
Douglas Elliman

Building Details for 114 Powers Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.21 miles
Lorimer St
0.25 miles
Metropolitan Av
0.27 miles
Grand St
0.3 miles
Montrose Av
0.45 miles

Citi Bike

Manhattan Ave & Devoe St
0.11 miles
Leonard St & Maujer St
0.12 miles

Contact Agent

Contact Agent

Eli Haliva
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: 78889TH