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Status: Active

251 POWERS Street, #

East Williamsburg

$5,600,000
 |  9 Beds  |  8.5 Baths  |  6,260SF

Description

Prime Williamsburg Investment Property with End-use Upside : Discover a unique opportunity at 251 & 251 1/2 Powers Street, a meticulously maintained multi-family property projecting a 5.5% cap rate. This property features 7 fully-leased free-market turnkey units across a substantial 25x117 lot with 6,260 gross interior SF, presenting a compelling investment with the possibility of an owner's residence in the serene rear carriage house.


The main 3-story building (3,750 SF above-grade) comprises two well-appointed 1-bedroom floor-through apartments on the upper levels and two flexible convertible 2-bedroom / 1.5-bathroom duplexes on the ground floor. Each unit is updated with hardwood floors, efficient mini-split HVAC, and open kitchens with dishwashers. A common laundry room is conveniently located in the full-height cellar (1,250 SF).


Separated by a shared garden - presenting the option for privatization - the rear 2-story carriage house offers an ideal 3-bedroom / 2-bathroom primary residence or a high-yield rental, with the flexibility to adapt to a 4-bedroom layout. Imagine the appeal of residing in a tranquil, 1,280SF private home while benefiting from the significant income stream ...
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Property Details

  • Multi Family

Amenities

  • Building: Green Building
  • Interior: Smoke Free
  • Cooling: Other
  • Exterior: Private Outdoor Space Over60 Sqft
  • Patio: None
  • Attendance: None
  • View: Other
  • Laundry: Building Other
  • Pets: Building Yes, No
  • Basement: Other

The Neighborhood

East
Williamsburg
East Williamsburg

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For information on 251 POWERS Street, # contact:

realtor top real estate agent

Jennifer Doscher

Licensed Associate Broker

13478599909

Licensed Associate Broker
Jennd@brickandmortar.com
13478599909

Listing courtesy of Corcoran Group
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