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76 South 3rd Street presents a rare opportunity to create something exceptional in one of Williamsburg's most sought-after waterfront locations. Set on an approximately 25' x 90' lot and delivered vacant, this wide-lot property offers remarkable flexibility for end users, investors, and developers alike.
Currently configured and taxed as a two-family home, with HPD records indicating a four-unit designation, the property is being sold as-is and offers compelling potential for a full gut renovation, reconfiguration, or redevelopment, subject to architect review, zoning analysis, and all required approvals. Whether envisioned as a custom single-family residence, a 2-4 family investment property, or a broader value-add project, the scale and layout provide an outstanding foundation for transformation.
The existing building spans approximately 2, 432 square feet across 3. 5 stories on a 2, 250 square foot lot. The current layout includes a garden level with a recreation room, bathroom, mechanical room, and access to both a front garden and private rear yard; a parlor level with living room, dining room, eat-in kitchen, and bathroom; a second floor with three bedrooms, a home office, and a full bathroom; and a third floor with two additional bedrooms, a walk-in closet, and another bathroom. This generous footprint offers the kind of size and versatility that is increasingly difficult to find in Williamsburg.
Ideally positioned near Wythe Avenue, Berry Street, and the Williamsburg waterfront, 76 South 3rd Street is moments from Domino Park, the NYC Ferry, and the neighborhood's celebrated mix of restaurants, boutiques, and cultural destinations.
A rare vacant property with substantial upside in a premier Brooklyn location, 76 South 3rd Street offers a unique chance to reimagine and add value in the heart of Williamsburg.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.110% | 5.932% |
| Monthly Tax Payment | $205 | $205 | $205 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,335 | $15,348 | $21,259 |
| Total Monthly Payment | $14,665 | $15,678 | $21,589 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.