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.
Building Features 4 Floors4 Units
Unit Features
$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
Unit listing history
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