$3,100,000
Updated 4 years ago
Off Market

257 Powers Street

East Williamsburg, Brooklyn | Judge Street & Olive Street

18 Rooms13 Beds10.5 Baths6,089 Square FeetIncome Property

$3,100,000
floors / apts3 / 9
Lot Size25'x166'
ZoneR6B
Building TypeLow-Rise
RE Taxes$7,668
Price Per SF
$509

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 257 Powers Street

Welcome to 257 Powers Street, a coveted 165.5’ deep lot with three separate buildings and 3 separate garden options for tenants. There is one front building with three floors and two separate back carriage houses with two floors each. All buildings have basements. There is also 1.43 out of 2 FAR used. Spanning 165.5 feet deep at its furthest point, 257 Powers is ready to maximize its value as its new transformation awaits. The location is perfect too; close to all of the fun Williamsburg has to offer and a three minute walk to the Grand L train. The zoning is R6B and there is also a partial commercial space in the front first floor. Many of these apartments have preferential rents, so there is upside immediately after closing. This property along with its sisters 979-985 Metropolitan Ave can be sold separate or together as a package -- Total of 20 Units. Powers is 3 buildings and 979-985 Metropolitan is 2 buildings. The buildings have AMAZING upside and locations. Prime Prime Prime. Slam dunk Portfolio potential in Williamsburg and HEAVILY FREE MARKET. Email for Set Ups on all 3 buildings.

Listing History for 257 Powers Street

Now
12/02/2022
Back on the Market by Sarah Sawyer
Compass
12/01/2022
POM by Sarah Sawyer
Compass

Building Details for 257 Powers Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/9
Learn More About the Building

Contact Agents

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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: 85710TH