55 South 5th Street

Williamsburg

$3,800,000
Price
4
Beds
4
Baths
2,972 Sq. Ft.
$1,279 / Sq. Ft.
2,972
Sq. Ft.
$1,279
per Sq. Ft.

Description

Just Listed: Prime Williamsburg 4-Family Gem! This beautifully renovated legal 4-family home is an investor’s dream or the perfect property for an end-user. Can be delivered completely VACANT, this property offers flexibility and endless possibilities in one of Brooklyn’s most desirable neighborhoods. Can be delivered completely VACANT, this property offers flexibility and endless possibilities in one of Brooklyn’s most desirable neighborhoods • Unit 1: A stunning 1-bedroom with access to a private...Just Listed: Prime Williamsburg 4-Family Gem! This beautifully renovated legal 4-family home is an investor’s dream or the perfect property for an end-user. Can be delivered completely VACANT, this property offers flexibility and endless possibilities in one of Brooklyn’s most desirable neighborhoods. Can be delivered completely VACANT, this property offers flexibility and endless possibilities in one of Brooklyn’s most desirable neighborhoods • Unit 1: A stunning 1-bedroom with access to a private backyard oasis. • Unit 1: A stunning 1-bedroom with access to a private backyard oasis • Units 2, 3, and 4: Spacious 2-bedroom apartments, all featuring high-end finishes and modern touches. • Units 2, 3, and 4: Spacious 2-bedroom apartments, all featuring high-end finishes and modern touches • Basement: Four separate storage units provide additional space, plus the option to install a washer/dryer for added convenience. The flat roof opens the door to creating a rooftop deck, perfect for taking in breathtaking views. Located just minutes from Manhattan, and from public transportation, and surrounded by Williamsburg’s finest 5-star restaurants and boutique shops, this property embodies urban convenience and luxury. Don’t miss this incredible opportunity! Contact me today for more details or to schedule a private showing.
  1. Listed by Kerry Debellis • RE/MAX Elite • Other

Amenities

  • Deck
  • Walk Up
  • Air Conditioning
  • Street Parking
  • Voice Intercom
  • Common Storage
  • Basement
  • Parking Included
LISTING UPDATED: 12/27/2024 10:26 AM

Property Details for 55 South 5th Street

StatusActive
MLS ID488247
Days on Market1
Taxes$6,457 / year
Maintenance-
Min. Down Pymt-
Total Rooms20.0
Compass TypeTownhouse
MLS TypeMultiFamily
Year Built1910
Lot Size1,473 SF / 20' x 74'
CountyKings County

Building

55 S 5th St

4 Units4 StoriesBuilt in 1910

Building Information for 55 South 5th Street

Stories4Residences4Year Built1910Building Size20' x 40'Building Sq. Ft3,200 SFLot Size1,473 SF / 20' x 74'Building AgePre-warBuilding TypeTownhouse

Property Information for 55 South 5th Street

Summary
Location and General Information
  • Block: 2441
  • Cross Street Name: Wythe Ave
  • Roof: Other
  • Residential Features: Other
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 6457.0
  • Gross Expense: 26308.0
  • Gross Income: $168,000.00
  • Cap Rate: .04%
Property
Lot Information
  • Yard: Other
  • Lot Number: 33
  • Lot Size Irregular YN: No
  • Lot Size Length: 75
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Other
  • AC Units: 0
  • Hot Water: Other
  • Utility Expense: 0.0
  • Fuel Expense: 0.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Baths Three Quarter: 0.0
  • Foundation Details: Other
  • Flooring: Other
  • Unit Count: 4
  • Building Amenities: NONE
  • Construction Materials: Other
  • Electric: Other
Exterior Features
  • Exterior: Other
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Type: Attached
Unit 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 3500.0
  • Unit Rooms Total: 1
  • Unit Unit Type: 1 Bedroom
Unit 2
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3500.0
  • Unit Rooms Total: 2
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3500.0
  • Unit Rooms Total: true
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3500.0
  • Unit Rooms Total: true
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 168000.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6835.93
  • Owner Occupied: No
  • Rent Income: 168000.0
  • Rent Income Period: 14000

Property History for 55 South 5th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 55 South 5th Street

Taxable ValueLand$76,950Additions$792,450Total$869,400
Home Facts
Total Finished SqFt2,972 SqFtLot Size1,473 SqFtYear Built1910ZoningM12R6APN3024410033

Schools near 55 South 5th Street

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 84 Jose De Diego
PublicPK to 8

Jhs 50 John D Wells
Public6 to 8

Conselyea Preparatory School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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55 South 5th Street is a townhouse for sale in Williamsburg. This property was listed for sale on December 26, 2024 by RE/MAX Elite, it's currently listed at $3,800,000. It has been on the market for a total of 1 days and was last sold on February 28, 2019. This listing's school district is Nyc Geog District #14 - Brooklyn. Nearby schools include P.S. 84 Jose De Diego, Williamsburg High School for Architecture and Design and Jhs 50 John D Wells. 55 South 5th Street is a 4-bed, 4-bath, 2,972 sqft townhouse built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Elite

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.