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Renovated Apartment Building
For Sale
$5,495,000

251 Powers Street, Brooklyn, NY 11211

Free-market rental property with a separate rear house, shared garden, basement laundry, and individually metered utilities.

Property Size5,030 SF
Days on Market185

Property Features for 251 Powers Street

General Information

Standard status Active
Size 5,030 SF
Property subtype Multi Family

Building Details

Building Size 5,030 SF
Year Built 1920
Listing Agency: Compass
Listed By: Arlene Groder
Source: Serhant
Added: Feb 20 Changed: Aug 23 Last Checked: Aug 23 at 7:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This renovated multifamily property includes a three-story main building and a separate two-story rear house. The 25-foot-wide main structure contains 7 units: four loft-style one-bedroom, one-bath apartments, two one-bedroom-plus-den duplexes with 1.5 baths, and a separate three-bedroom back house measuring 1,250 square feet. Two of the one-bedroom apartments can be converted to two-bedroom layouts. Unit features include open kitchens with dishwashers, tall ceilings, abundant natural light, and mini-split HVAC. Laundry facilities are located in the basement, and utilities are separately metered.

The property occupies a 25-foot by 117-foot lot with 6,260 square feet of gross area. Outdoor areas include a courtyard, common garden, and backyard separating the front rental building from the rear house. The property is near transportation, cafes, and neighborhood amenities, with the L train located 2 blocks away. Built in 1920, it is presented as a free-market rental property.

Key Highlights

  • 7‑unit multifamily property with a separate 3‑bedroom rear house
  • 1,250‑square‑foot two‑story back house
  • Main building is 25 feet wide and three stories

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home (Bike/Boat/Book/etc) Store Acupuncture Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,669
Businesses Nearby

Demographics for 11211, NY

68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Free-market rental property with a separate rear house, shared garden, basement laundry, and individually metered utilities.
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 $5,495,000.
What are key features of this property?
This property features: 7‑unit multifamily property with a separate 3‑bedroom rear house; 1,250‑square‑foot two‑story back house; Main building is 25 feet wide and three stories
More about this property
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