59 South 3rd Street

Townhouse · Williamsburg · $4,000,000

TAXES - $270/Mo ·

A gem in premier Williamsburg, this rare 25-foot wide, multi-family townhouse is currently designed as 4 separate units. The building has 4 stories plus basement and has been beautifully maintained with classic charm throughout. Boasting an iconic red-brick façade, this townhouse has the potential to be combined into one expansive, luxury triplex, while still generating rental income via the garden-level apartment. The parlor floor is deliberately vacant, to allow new buyers the option to combine the second and third floors. The desirable 25-foot width allows for a thoughtful reconfiguration of the layout, with the possibility of a side-by-side bedroom setup.

The garden apartment has a private entrance for convenient management access when occupied by tenants. Hardwood floors run throughout, and each unit offers impeccable historic features with ample natural light. The parlor floor features soaring 11-foot ceilings.

The garden apartment is a 2 bed/2 bath, with a current lease through June 2021 at $3,200. The parlor apartment is 1 bed/1 bath and is deliberately vacant with the last rent set at $3,500. The second floor has 1 bed/1 bath, with a lease through July 2021 at a reduced rent of $2,650. The third-floor apartment offers 2 beds/1 bath with a lease through October 2021 at $2,900.
The property has very low taxes at $3,261 a year.

This townhouse is just a block and a half from Domino Park for unrivaled views of Manhattan. The area is home to both Brooklyn and New York City's hottest restaurants and shopping on Bedford Avenue which is just two blocks away.
Don't miss this incredible opportunity to own in the heart of Williamsburg on coveted South 3rd Street.

WebID: 245135 - Listing Courtesy of Edward N. Kalisvaart