55 South 5th Street
Williamsburg | Kent Avenue & Wythe Avenue
Ownership
Multi-Family
Lot Size
20'x73'
Floors/Apts
4/4
Status
Active
Real Estate Taxes
[Per Annum]
$ 7,308
Building Type
Townhouse
Year Built
1910
ASF/ASM
3,200/297
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.
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.
Listing Courtesy of Douglas Elliman Real Estate
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Apartment Features
A/C
Building Details [55 South 5th Street]
Ownership
Multi-Family
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
2441/33
Zoning
M1-2
Building Type
Townhouse
Year Built
1910
Floors/Apts
4/4
Lot Size
20'x73'
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Fair Housing
