Renovated Multifamily
251 Powers Street Brooklyn, NY 11211
251 Powers Street, Brooklyn, NY, 11211
$5,600,000
For Sale
$5,600,000
COMMERCIAL - Other - Brooklyn, NY
Property Size6,260 SF
Lot Size0.07 Acres
Price / SF$894.57
Days on Market148
Property Features for 251 Powers Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bathroom 7, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- Lot size
- 0.07 Acres
Building Details
- Architectural style
- Other
Listing Agency
Compass
(646) 982-0353
3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY
Listed by
Arlene Groder
Added: Feb 20 Checked: Jul 18 at 5:06 am
MLS# 11660379
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
251 Powers Street is a newly renovated multi-family townhouse featuring a 25-foot-wide main building with seven units and a separate bonus back house. The main house spans three stories and is configured as four loft-like one-bedroom, one-bath units, including two units that are convertible to two bedrooms. It also includes two one-bedroom plus den duplex units with 1.5 baths. A separate bonus house at the rear provides stand-alone living across two stories with a three-bedroom layout.
The full property underwent a complete renovation and is presented in pristine condition. Residents benefit from open floor plans, tall ceilings, and abundant natural light throughout. HVAC is provided via efficient mini-split systems, with open kitchens and dishwashers included. Laundry facilities are located in the basement, and all utilities are separately metered. Outdoor space includes a courtyard and common garden that helps separate the front rental building from the bonus back house, along with a backyard.
For investors and owner-occupants seeking a renovated residential income property, this offering combines multiple unit types within one coordinated asset and includes a distinct stand-alone back house. The layout supports flexible unit configurations, and the separate metering can simplify utility management. The property is described as being close to transportation, cafes, and Williamsburg amenities, with the L train noted as approximately two blocks away.
The full property underwent a complete renovation and is presented in pristine condition. Residents benefit from open floor plans, tall ceilings, and abundant natural light throughout. HVAC is provided via efficient mini-split systems, with open kitchens and dishwashers included. Laundry facilities are located in the basement, and all utilities are separately metered. Outdoor space includes a courtyard and common garden that helps separate the front rental building from the bonus back house, along with a backyard.
For investors and owner-occupants seeking a renovated residential income property, this offering combines multiple unit types within one coordinated asset and includes a distinct stand-alone back house. The layout supports flexible unit configurations, and the separate metering can simplify utility management. The property is described as being close to transportation, cafes, and Williamsburg amenities, with the L train noted as approximately two blocks away.
Key Highlights
- Newly renovated multi‑family townhouse at 251 Powers St with 7 units plus a separate bonus back house
- 7‑unit main building: 4 loft‑like 1‑bedroom/1‑bath units (2 convertible to 2 bedrooms) and 2 1‑bedroom+den duplex units (1.5 baths)
- Bonus back house: 3‑bedroom stand‑alone, 2 stories, approx. 1,250 SF
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $354.6k | $56.64 |
| − Vacancy | −$7.1k | −$1.13 |
| EGI | $347.5k | $55.51 |
| − OpEx | −$156.4k | −$24.98 |
| NOI | $191.1k | $30.53 |
6,260 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.73M
$2.39M – $3.19M
NOI $191,111 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.18M
$4.54M – $6.05M
NOI $362,830 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly renovated seven-unit townhouse plus a separate back house provides separately metered income potential.
Where is this apartment building located?
The property is located at 251 Powers Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Newly renovated multi‑family townhouse at 251 Powers St with 7 units plus a separate bonus back house; 7‑unit main building: 4 loft‑like 1‑bedroom/1‑bath units (2 convertible to 2 bedrooms) and 2 1‑bedroom+den duplex units (1.5 baths); Bonus back house: 3‑bedroom stand‑alone, 2 stories, approx. 1,250 SF
