55 S 5TH Street, Brooklyn, NY 11249
55 S 5TH Street, Brooklyn, NY 11249
55 S 5TH Street, Brooklyn, NY 11249
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Listing Courtesy of Douglas Elliman Real Estate
$3,450,000
Est. payment /mo
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4 Beds
4 Baths
New

55 S 5TH Street Brooklyn, NY 11249

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Williamsburg

MLS Listing ID RLS20112237

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 plus den with private backyard access, is currently vacant. The remaining three spacious one-bedroom plus den 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

Fireplaces Number 1

Fireplaces Type Decorative

Fireplace Yes

Appliance Washer Dryer Allowed

Laundry Building Other, Washer Hookup, In Unit

Exterior

Exterior Feature None

Pool Building None

View Y/N No

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

REBNY IDX
RLS Data display by .

Nearby Locations

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55 S 5TH Street