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Listing Courtesy of LEXINGTON PROPERTIES LLC
$ 2,999,999
Est. payment /mo
Active
225 S 1st Street Brooklyn, NY 11211
3 Beds
3 Baths
3,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $937
Subdivision Williamsburg
MLS Listing ID RLS20019228
Style Prewar,Walk-Up
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1935
Annual Tax Amount $5,960
Property Sub-Type Multi Family
Property Description
Welcome to 225 S. 1st Street, a prime opportunity in the heart of Williamsburg. This versatile four-story building is perfect for first-time buyers, savvy investors, or end users looking to create their dream home while generating substantial rental income. Why get trapped in a $3M condo with high monthly maintenance fees and no return on investment, when you can have freedom to control your lifestyle in an entire building with income-producing units that help pay your mortgage?
Currently configured with a ground-floor commercial space and three residential floors above, the building is already income-generating. The well-established restaurant on the ground floor is leased at $6,000/month, and the spacious one-bedroom apartment on the second floor can easily rent for $3,000/month. That's $9,000/month in passive income from day one.
All three residential floors are vacant and ready to reconfigure to your dreams. Renovate the third and fourth floors into a stunning duplex penthouse with a private roof deck and command $8,000/month in rent–– or take all three floors for a marvelous live/work family residence. Live your ideal lifestyle in a charming building in a great neighborhood and let the restaurant and second-floor tenant cover nearly $9,000 of your monthly expenses with potential to take over the second floor apartment as your family grows.
With low maintenance costs and tremendous upside, 225 S. 1st Street is a truly smart, and more practical choice. You're not just buying space — you're investing in your future. Whether you live in the one-bedroom and collect $14,000/month, or occupy the upper floors and collect $9,000/month, or use all three residential floors and get $6000/month from the restaurant, this property gives you flexibility, security, and serious return.
This is your chance to own a piece of Williamsburg with real income, real upside, and real value. Schedule a viewing today and see what smart investing really looks like.
Currently configured with a ground-floor commercial space and three residential floors above, the building is already income-generating. The well-established restaurant on the ground floor is leased at $6,000/month, and the spacious one-bedroom apartment on the second floor can easily rent for $3,000/month. That's $9,000/month in passive income from day one.
All three residential floors are vacant and ready to reconfigure to your dreams. Renovate the third and fourth floors into a stunning duplex penthouse with a private roof deck and command $8,000/month in rent–– or take all three floors for a marvelous live/work family residence. Live your ideal lifestyle in a charming building in a great neighborhood and let the restaurant and second-floor tenant cover nearly $9,000 of your monthly expenses with potential to take over the second floor apartment as your family grows.
With low maintenance costs and tremendous upside, 225 S. 1st Street is a truly smart, and more practical choice. You're not just buying space — you're investing in your future. Whether you live in the one-bedroom and collect $14,000/month, or occupy the upper floors and collect $9,000/month, or use all three residential floors and get $6000/month from the restaurant, this property gives you flexibility, security, and serious return.
This is your chance to own a piece of Williamsburg with real income, real upside, and real value. Schedule a viewing today and see what smart investing really looks like.
Location
State NY
County Kings
Interior
Equipment Intercom
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Building Roof Deck
Private Pool No
Building
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $496
Pets Allowed Building Yes, Yes
RLS Data display by Elegran