128 South 1st Street Williamsburg

DESCRIPTION:

Welcome to the Williamsburg townhouse you have been waiting for! Ideally situated on South 1st Street between Bedford Avenue and Berry Street, only two blocks to the waterfront and close to the L-train and ferry station, this four floor townhouse is a true gem not to be missed. Featuring a striking facade that has preserved its historical character, the remainder of the building was constructed just over fifteen years ago, with no detail overlooked in terms of luxury and functionality. The grandiose four bedroom owners duplex offers an inviting open concept living and dining area as well as ceilings of nearly 10 feet and a private landscaped garden oasis. The additional three apartments are comprised of 1 one bedroom home and 2 two bedroom homes, all featuring tasteful renovations, generous closet space, and favorable layouts. The building features a tax exemption, each unit yields free market rent and each unit contains separate utilities, which keeps the cap rate high and expenses low. This property also contains approximately 2500sqft of unused air rights, as well as the ability to have the first floor converted back to retail space, which creates added upside potential and development opportunities. Whether you are an investor, developer, or end user, this Williamsburg townhouse is sure to please!