NOT LISTED FOR SALE

Estimated Value: $3,517,000 - $4,577,382

6 Beds
5 Baths
4,000 Sq Ft
$1,016/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $4,000,000 $1,000 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $22,539/month

150 Days on Market

Highlights

  • Eat-In Kitchen
  • Garden
  • 2-minute walk to William Sheridan Playground

About This Home

As of February 2022

A gem in premier Williamsburg, this rare 25-foot wide, multi-family townhouse is currently designed as 4 separate units. The building has 4 stories plus basement and has been beautifully maintained with classic charm throughout. Boasting an iconic red-brick faade, this townhouse has the potential to be combined into one expansive, luxury triplex, while still generating rental income via the garden-level apartment. The parlor floor is deliberately vacant, to allow new buyers the option to combine the second and third floors. The desirable 25-foot width allows for a thoughtful reconfiguration of the layout, with the possibility of a side-by-side bedroom setup.

The garden apartment has a private entrance for convenient management access when occupied by tenants. Hardwood floors run throughout, and each unit offers impeccable historic features with ample natural light. The parlor floor features soaring 11-foot ceilings.

The garden apartment is a 2 bed/2 bath, with a current lease through June 2021 at $3,200. The parlor apartment is 1 bed/1 bath and is deliberately vacant with the last rent set at $3,500. The second floor has 1 bed/1 bath, with a lease through July 2021 at a reduced rent of $2,650. The third-floor apartment offers 2 beds/1 bath with a lease through October 2021 at $2,900.

The property has very low taxes at $3,261 a year.

This townhouse is just a block and a half from Domino Park for unrivaled views of Manhattan. The area is home to both Brooklyn and New York Citys hottest restaurants and shopping on Bedford Avenue which is just two blocks away.

Dont miss this incredible opportunity to own in the heart of Williamsburg on coveted South 3rd Street.

Last Agent to Sell the Property

Edward Kalisvaart

Keller Williams NYC License #10301210475 Listed on: 05/24/2021

Keller Williams NYC

Co-Listed By

Marisol Banuelos Licensed as Alicia Banuel

Keller Williams NYC License #10401323953

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,504

Year Built

  • Built in 1899

Lot Details

  • 1,917

Interior Spaces

  • 4,000 Sq Ft Home
  • 4-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Garden
  • Window Unit Cooling System

Community Details

  • Williamsburg Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,504

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 4000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 19

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Building Cooling, Window Unit(s)

Building Info

  • Building Name: 59 South 3rd Street
  • Units: 4
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Pimentel Jessica Natalie and Wheeler Grant
Bought by
Brooklyn Five Nine Llc
Current Estimated Value
$4,063,346

Purchase Details

Listed on
May 24, 2021
Closed on
Feb 23, 2022
Sold by
Lethen Paulein
Bought by
Pimentel Jessica N and Wheeler Grant
Seller's Agent
Edward Kalisvaart
Keller Williams NYC
Sold Price
$4,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.88%

Purchase Details

Closed on
Oct 24, 1995
Sold by
Vargas Juan
Bought by
Lethen Paulein
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brooklyn Five Nine Llc -- --
Brooklyn Five Nine Llc -- --
Pimentel Jessica N $4,000,000 --
Pimentel Jessica N $4,000,000 --
Lethen Paulein $195,000 Chicago Title Insurance Co
Lethen Paulein $195,000 Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $4,000,000 0.0% $1,000 / Sq Ft
01/20/2022 01/20/22 Off Market $4,000,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,504 $246,480 $21,000 $225,480
2024 $3,504 $238,380 $21,000 $217,380
2023 $3,347 $248,220 $21,840 $226,380
2022 $3,290 $251,580 $21,840 $229,740
2021 $3,431 $275,940 $21,840 $254,100
2020 $2,560 $334,620 $21,840 $312,780
2019 $3,041 $278,700 $21,840 $256,860
2018 $2,799 $13,732 $1,322 $12,410
2017 $2,799 $13,732 $1,979 $11,753
2016 $2,716 $13,584 $2,643 $10,941
2015 $1,563 $12,838 $3,742 $9,096
2014 $1,563 $12,115 $3,479 $8,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10757789

Real Estate Board of New York (REBNY)

APN: 02416-0041