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.

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Building Features 4 Floors4 Units

intercom

Unit Features

allowed
fireplace
washerdryer
Pet Policy: Building Yes, No

$3,450,000

Listed on Sep 02, 2026

24 Days on Market

4 Beds / 4 Baths - / - ft²

Total Monthly expenses: $609

Maintenance: - / R.E. Taxes $609

Other Details:

Multi Family (4-6 Family)

Lot Size: 20.0' x 73.67' Built: 20.0' x 40.0'

Zoning: C2-3

Exclusively listed with: Douglas Elliman Real Estate Source: RLS

Sere
Conde

[email protected]

(917) 238-0350

John B
Gomes

[email protected]

(917) 686-7632

Fredrik
Eklund

Listing Courtesy of Douglas Elliman Real Estate View Listing

Unit listing history

Date Status Amount Listed by
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