Listing Information
| robertfalcone.elliman.com
The Hamersley Team
At Douglas Elliman Real Estate

380 South 5th St - Williamsburg, New York

380 South 5th St - Williamsburg, New York

 

JUST REDUCED! Perched on South 5th Street, between Hooper Street and Hewes Street, this multifamily new development townhouse boasts luxury finishes from top to bottom. 380 is 23 feet wide and houses 5,244 SF of living space, a 1,300 SF below grade recreation room, 1,800 SF of outdoor space between the rooftop and backyard. What's the cherry on top? Two privately gated parking spots in front of the building! At present, the building is income producing and yielding an NOI of $153,634.44. Some upside currently exists in each of the apartments ? detailed rent roll and information can be provided upon request. After rent adjustments, the building's projected NOI would yield $178,834.44. With additional FAR that is intact, the potential to further development increases the value in all facets of future use, including conversion to condominium or a gorgeous single family home, as well as simply increasing rental income with additional units. Building restrictions apply ? please ask for details.The interior of each these gorgeous apartments come fully equipped with custom chef's kitchens, video intercom systems, in-wall Bluetooth surround sound and recessed lighting. With both south and north facing windows in each unit, these apartments remain sundrenched, shedding light through their open concept floorplans.This is truly the perfect purchase for any investor or 1031 exchange! This spacious 10 bedrooms, 9.5 bath sits just 10 minutes from New York City and is conveniently located near tons of restaurants, shopping and nightlife right off of the Hewes Street and Marcy Avenue Subway Stations (J,M,Z lines). Contact Waylon Jacques at 917.732.3747 or wjacques@elliman.com for an immediate showing.

This listing courtesy of Douglas Elliman

Property Details

380 South 5th St - Williamsburg, New York

Price: $3,150,000

Neighborhood: Williamsburg

Multi-Family

Outdoor Space

Monthly Real Estate Tax: $1,311

10 Beds | 9 Baths | 1 Half Bath

Approximate Sq. Feet: 5,244

Listing ID: 2552280

 

 

Building Details

Air Conditioning

Courtyard

Roof Deck

Your Agent(s)

Tracie Hamersley

Tracie Hamersley

O: 212.460.0628

M: 917.647.0056

F: 646.497.5270

thamersley@elliman.com

380 South 5th St - Williamsburg, New York

Floor plan of 380 South 5th St - Williamsburg, New York

Your Agent(s)

Tracie Hamersley

Tracie Hamersley

O: 212.460.0628

M: 917.647.0056

F: 646.497.5270

thamersley@elliman.com

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

 

© 2017. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

 

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