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Listing Courtesy of Douglas Elliman Real Estate
$3,450,000
Est. payment /mo
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Coming Soon
Purchase Type For Sale
Subdivision Williamsburg
MLS Listing ID RLS20107980
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1910
Annual Tax Amount $7,308
Property Sub-Type Multi Family
Property Description
Williamsburg four-Unit Investment Opportunity 55 South 5th Street A rare investor's dream just one block from the East River waterfront and Domino Park, this legal four-unit brick townhouse in the heart of Williamsburg offers immediate cash flow today and a clear path to full vacant possession tomorrow. Built in 1910 and thoughtfully renovated, the 20' x 40' building sits on a 20' x 73.67' lot, blending pre-war character with modern upgrades throughout. The building delivers built-in flexibility for any investment strategy. One unit, a beautifully renovated one-bedroom with private backyard access, is currently vacant. The remaining three spacious two-bedroom units are tenant occupied, generating steady rental income. All existing leases roll off by March 2027, giving a buyer the rare ability to hold for income now and reposition, renovate, or redevelop the entire building free and clear on a known, near-term timeline.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry Building Other
Exterior
Exterior Feature None
Pool Building None
View Y/N Yes
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 02441-0033
Ownership None
Monthly Total Fees $609
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by eXp Realty
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716