See Home Value
$2,495,000
Condo - Off Market

251 POWERS ST #1

Brooklyn, NY 11211
bedrooms
15 Beds
bathrooms
6 Baths
square feet
5000 Sqft
$3,167,476
RealtyHop Estimate
26.95%
Since Mar 1, 2021
NY-New York
Primary Model

About This Property

Calling all Investors waiting for the PERFECT DEAL.  Introducing 251 Powers Street, featuring two buildings on the lot creating a total of six apartments.with tremendous upside-an incredible investment opportunity.     The building sits on an over sized  25 x 116.75 lot,  with a total of  5,000 square feet of floor space. With an FAR of 2 the potential is up to 5726 square feet. The rent roll  potential is $240,000 per year creating CAP rate of 9!  The front building has a total of 5 units:  one gigantic 3-bedroom apartment on the first floor, two 2-bedroom apartments on the second floor, and two 2-bedroom apartments on the third floor.  The rear house is spacious and affords a 4 bedroom duplex.  Making a  total of 6 units that will all be delivered vacant.  The house is conveniently located only 2 blocks to the Grand Street  L Train which is a short 10 minute ride into Manhattan.  It is steps to all the different restaurants, coffee shops, supermarkets and shopping that Williamsburg has to offer!  A solid investment with a great return.
Unit Size
5,000Ft²
Days on Market
2687 days
Land Size
-
Price per sqft
$499
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
1920
Last updated: 5 months ago ( #RPLU-546315091)

Price History

Date / Event Date Event Price
Sep 28, 2013 Listed by Aptsandlofts.com $2,495,000
Listed by Aptsandlofts.com

Property Highlights

Interior Details

Room Information

Rooms: 28
Exterior Details

Property Information

Property Condition: Fair
PropertySubType: Apartment
Living Area: 5000
Living Area Units: SquareFeet

Building Information

Building Name: null


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
10 Beds
7 Baths
4,550 ft²
$484/ft²
$2,200,000 May 12, 2022
$2,200,000 Dec 27, 2022
-
House
4 Beds
4 Baths
3,275 ft²
$817/ft²
$2,675,000 Apr 5, 2021
$2,675,000 Aug 18, 2021
$307/mo
Condo
3 Beds
3 Baths
2,062 ft²
$1,188/ft²
$2,450,000 Sep 20, 2018
$2,450,000 Oct 18, 2019
$1,705/mo
Multifamily
16 Beds
9 Baths
-
$2,120,000 Feb 9, 2022
$2,120,000 Aug 23, 2022
$926/mo
House
4 Beds
4 Baths
2,160 ft²
$1,198/ft²
$2,588,250 Oct 27, 2022
$2,588,250 Jan 27, 2023
-
Condo
2 Beds
3 Baths
1,962 ft²
$1,032/ft²
$2,025,000 Feb 23, 2022
$2,025,000 Jun 22, 2022
$522/mo
House
14 Beds
8 Baths
-
$2,350,000 Oct 31, 2018
-
$956/mo
Multifamily
14 Beds
8 Baths
-
$2,350,000 Aug 11, 2021
-
$959/mo
Condo
3 Beds
3 Baths
-
$2,449,000 Sep 6, 2023
-
$2,090/mo
Condo
3 Beds
2 Baths
-
$2,299,000 Jun 12, 2023
-
$1,023/mo
Condo
2 Beds
3 Baths
-
$2,399,000 Oct 4, 2023
-
$2,090/mo
Condo
3 Beds
3 Baths
-
$2,449,000 Oct 2, 2023
-
$974/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20161005 Unit BLDG
10/05/2016
Loft
9 Bath
-
$4,750,000
bedrooms
Loft
bathrooms
9 Bath
$4,750,000
07/14/2017
-
Bram LeFevere
Native Real Estate
20130928 Unit 1
09/28/2013
1
15 Bed
6 Bath
5000 ft²
$2,495,000
bedrooms
15 Bed
bathrooms
6 Bath
square feet
5000 ft²
$2,495,000
02/05/2021
-
Vittorio P.
Aptsandlofts.com

Building Info

251 Powers Street 251 Powers Street, Brooklyn, NY 11211
  • 6 Units
More about this Building
251 Powers Street
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About Northern Brooklyn


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