$3,450,000
Updated 3 days ago
Off Market

55 South 5th Street

Williamsburg, Brooklyn | Kent Ave & Wythe Ave

20 Rooms4 Beds4 Baths2,972 Square FeetMulti-Family

$3,450,000
floors / apts4 / 4
Lot Size20'x73'
ZoneM1-2
Building TypeTownhouse
RE Taxes$7,308
Price Per SF
$1,161

Listing Features

  • Original Details

Outdoor space and views

  • Backyard [3'x20']
  • Williamsburg Bridge

Building Amenities

  • Voice Intercom

Property Description for 55 South 5th Street

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 with private backyard access, is currently vacant. The remaining three spacious two-bedroom 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 History for 55 South 5th Street

Now
08/20/2026
TOM by Sere Conde
Douglas Elliman
08/06/2026
$3,450,000
Initial Price by Sere Conde
Douglas Elliman

Building Details for 55 South 5th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Citi Bike

S 4 St & Wythe Ave
0.05 miles
Broadway & Berry St
0.14 miles

Ferry

South Williamsburg
0.32 miles

Contact Agents

Contact Agents

Sere Conde
Douglas Elliman
John Gomes
Douglas Elliman
Fredrik Eklund
Douglas Elliman

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: 63014TH