$4,699,000
Updated 3 years ago
Off Market

217 South 3rd Street

Williamsburg, Brooklyn | Roebling Street & Havemeyer Street

64 Rooms34 Beds15 Baths14,375 Square FeetIncome Property

$4,699,000
floors / apts5 / 15
Lot Size25'x105'
Built Size25'x120'
ZoneR6
Building TypeLow-Rise
RE Taxes$112,000
Price Per SF
$327

Building Amenities

  • Voice Intercom

Property Description for 217 South 3rd Street

First time on the market! An incredible opportunity to add this 15 unit mixed-use building to your investment portfolio. Located in a prime Williamsburg location. This five story, 14,375 Sq Ft building boasts 34 bedrooms, 15 baths, and 64 total rooms. Many of the units have been recently renovated, which also include new appliances for 6-7 of the units. Other renovations also include new roof, and new boiler, all done in the last four years. If you're looking for close proximity to Manhattan this location has it all. Buses and trains all within a short distance, and if you are commuting by car, the Williamsburg Bridge is just minutes away. Restaurants, bars, and shopping all throughout the area. Lots of potential and possibilities to add value to this gem. Don't miss out on this. Building: 25x105 (14,375). Lot: 25x120 (3,000). Zoning: R6. Year Built: 1910. Yearly Gross Income: $422,496.24. Yearly Net: $262,496.24. Property Taxes: $112,000. Yearly Expenses: $160,000. Rail Lines: J, M, G, L. Bus Lines: B39, B24, B60, B62, Q54, Q59, B46, B44-SBS, B44, B32.

Building Details for 217 South 3rd Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/15
Learn More About the Building

Transit and Citi Bike

Subway

Marcy Av
0.21 miles
Metropolitan Av
0.39 miles
Hewes St
0.41 miles
Bedford Av
0.42 miles
Lorimer St
0.48 miles

Citi Bike

S 4 St & Roebling St
0.07 miles
S 5 Pl & S 5 St
0.13 miles

Contact Agent

Contact Agent

Francesco Francoforte
Weichert, Realtors ® - Franzese Group

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

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.
OLR ID: 84606TH