$3,500,000
$250K PRICE DROP

Estimated payment $19,513/month

Total Views 3,040
3 Beds
3.5 Baths
4,750 Sq Ft
$737 Price per Sq Ft

Highlights

  • Patio
  • 3-minute walk to Marcy Avenue
  • 1-minute walk to Strawberry Playground
  • Zoned Cooling
  • Garage

About This Home

Presenting a Once-in-a-Blue-Moon Redevelopment Opportunity to Create the Quintessential Residential Compound in Williamsburg.

This rare offering consists of two tax lots at 305 & 307 South 4th Street, spanning 40 ft. wide and 71.25 ft. deep. With up to approximately 6,270 total residential FAR allowed (to be independently verified) under R6 zoning, with a maximum 2.2 residential FAR and 4.8 community facility FAR, this is the prime location to build a single-family or multi-unit masterpiece. Imagine features such as a private drive-in garage, live/work loft or creative workspace with soaring ceilings, private courtyard, and roof terrace(s). Your dream space awaits with this limitless opportunity!

The existing masonry properties include a one-story garage with full-lot coverage at 305 (class G0), attached to a three-story townhouse at 307 (class C3). 307 South 4th showcases three well-maintained full-floor residential units with multiple exposures and a full-height basement (2,860 total Gross SF). Current annual taxes are $1279 (class 1), and $5310 (class 2A), respectively.

305-307 South 4th is conveniently located near major retail blocks including Broadway, Union Avenue, and Grand Street, in a highly desirable sector of South Williamsburg. You're surrounded by a myriad of options for cafes, restaurants, retail shopping, groceries, and public transportation. The J/M/Z subway lines at Marcy Avenue are just 5 minutes away. Right down the block, you'll find Rodney Park and CitiBike stations. The South Williamsburg Ferry Landing and brand new Domino Park/Campus also less than one mile away!

Please email the exclusive marketing team for the full offering memorandum and schedule showings by appointment only.

Listing Agent

Marvin Chu

Corcoran Group License #10301209550 Listed on: 04/21/2025

Corcoran Group

Co-Listing Agent

Evan Church

Corcoran Group License #30CH1028181

Co-Listing Agent

Chris Cavorti

Corcoran Group License #10301206385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,080

Year Built

  • Built in 1899

Lot Details

  • 1,425 Sq Ft Lot
  • Lot Dimensions are 71.25x20.00

Parking

  • Garage

Interior Spaces

  • 4,750 Sq Ft Home
  • 4-Story Property
  • Laundry in unit
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Patio
  • Zoned Cooling

Community Details

  • 4 Units
  • Williamsburg,South Subdivision

Listing and Financial Details

  • Legal Lot and Block 0029 / 02436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,080

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Williamsburg,South
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 4750.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1425.0
  • Lot Size Dimensions: 71.25x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 4
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 02436
  • Tax Lot: 0029
  • Tax Annual: 7080.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Price Changed $3,500,000 -6.7% $737 / Sq Ft
04/21/2025 04/21/25 For Sale $3,750,000 -- $789 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20017817

Real Estate Board of New York (REBNY)

APN: 02436-0029