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225 South 1st Street
Townhouse in Williamsburg •  building info
3bd • 3ba • 3,200ft² $937 per ft²
Sold price

$2,999,999

Key Details
Days on market
98
Last price change
loading...
Estimated payment
$17,121/mo
Taxes
$497/mo
Maintenance
N/A
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. Thats $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. Youre not just buying space youre 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.

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Important Stuff
Pets allowed
Building info

History
What it'll cost
Purchase price
$2,999,000
Asking Price: $2,999,995
Term
30 Years
Down Payment
$299,000 (10%)
Min: 10% (299,000)
Rate
6.25 %
Mortgage Amount
$2,699,996
Mortgage Payment
$16,624
Taxes
$497
Estimated closing cost
$109,000
Total monthly cost $17,121
Listing Courtesy of LEXINGTON PROPERTIES

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