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Modern 3-family private driveway Williamsburg 360 S 3rd St 3 Unit Apartment Building $3,580,000 ($1,193,333/Unit) 6.95% Cap Rate Brooklyn, NY 11211



Investment Highlights
- Modern three-family brick house with a PRIVATE DRIVEWAY
- Low taxes, great S. Williamsburg location, close to the L-train and M-train!
- Almost 5,000 sf dwelling space plus full-finished basement
Executive Summary
This is the one you’ve been waiting for — a stunning, legal three-family brick townhouse in the heart of Williamsburg that delivers incredible versatility, income potential, and lifestyle appeal all in one exceptional package.
Built in 2000 and thoughtfully renovated and expanded in 2011, this modern masterpiece now spans an impressive 4,960 square feet. An upward extension added approximately 1,200 sq ft, creating a truly spacious and flexible property with outstanding long-term value.
Prime Location & Lifestyle
Located in Brooklyn’s premier arts-and-culture neighborhood, this home sits just three blocks from the Hewes Street M & J trains, three blocks from the Williamsburg Bridge, and seven blocks from the Lorimer Street L train. You’re surrounded by striking new construction, historic pre-war buildings, world-class dining, galleries, and everything that makes Williamsburg the most desirable neighborhood in Brooklyn.
Exceptional Layout & Features:
First Floor: Spacious two-bedroom, two-bathroom apartment with a huge living room and open kitchen
Second Floor: Equally impressive two-bedroom, two-bathroom apartment with a huge living room and open kitchen, plus a private balcony
Third & Fourth Floor Duplex: Luxurious three-bedroom, four-bathroom duplex with expansive living spaces and a private balcony
Shared Rooftop: Accessed via a common hallway — perfect for entertaining, relaxing, or enjoying sweeping neighborhood views
Gated Private Driveway: Rare off-street parking for up to three vehicles
Fully Finished Basement: Ideal for storage, gym, home office, or additional accessory use
With private balconies, generous room sizes, and thoughtful modern finishes throughout, this legal three-family home offers the perfect balance of owner-occupied living, rental income potential, or both.
This is a rare chance to own a modern, income-producing property with private parking in one of New York City’s hottest markets. Properties like this do not come along often — and they never stay on the market for long.
Don’t miss this extraordinary opportunity in Williamsburg.
*Please note that the pictures show staged photos with virtual furniture and some extra light fixtures. Ask me for a link to a virtual tour to see 100% actual pictures.
Built in 2000 and thoughtfully renovated and expanded in 2011, this modern masterpiece now spans an impressive 4,960 square feet. An upward extension added approximately 1,200 sq ft, creating a truly spacious and flexible property with outstanding long-term value.
Prime Location & Lifestyle
Located in Brooklyn’s premier arts-and-culture neighborhood, this home sits just three blocks from the Hewes Street M & J trains, three blocks from the Williamsburg Bridge, and seven blocks from the Lorimer Street L train. You’re surrounded by striking new construction, historic pre-war buildings, world-class dining, galleries, and everything that makes Williamsburg the most desirable neighborhood in Brooklyn.
Exceptional Layout & Features:
First Floor: Spacious two-bedroom, two-bathroom apartment with a huge living room and open kitchen
Second Floor: Equally impressive two-bedroom, two-bathroom apartment with a huge living room and open kitchen, plus a private balcony
Third & Fourth Floor Duplex: Luxurious three-bedroom, four-bathroom duplex with expansive living spaces and a private balcony
Shared Rooftop: Accessed via a common hallway — perfect for entertaining, relaxing, or enjoying sweeping neighborhood views
Gated Private Driveway: Rare off-street parking for up to three vehicles
Fully Finished Basement: Ideal for storage, gym, home office, or additional accessory use
With private balconies, generous room sizes, and thoughtful modern finishes throughout, this legal three-family home offers the perfect balance of owner-occupied living, rental income potential, or both.
This is a rare chance to own a modern, income-producing property with private parking in one of New York City’s hottest markets. Properties like this do not come along often — and they never stay on the market for long.
Don’t miss this extraordinary opportunity in Williamsburg.
*Please note that the pictures show staged photos with virtual furniture and some extra light fixtures. Ask me for a link to a virtual tour to see 100% actual pictures.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,580,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,193,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.95% | Building Size | 4,960 SF |
| Sale Condition | Distress Sale | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 2000/2011 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Zoning | R6 | ||
| Price | $3,580,000 |
| Price Per Unit | $1,193,333 |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| Sale Condition | Distress Sale |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,960 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2011 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Views
- Basement
- Island Kitchen
- Recreation Room
Site Amenities
- 24 Hour Access
- Gas Range
- Roof Terrace
- Storage Space
- Private Bathroom
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,180 |
| 2+2 | 1 | - | 1,180 |
| 3+4 | 1 | - | 2,400 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02437-0020 | Total Assessment | $374,340 |
| Land Assessment | $21,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $353,340 | Tax Year | 2026 |
Property Taxes
Parcel Number
02437-0020
Land Assessment
$21,000
Improvements Assessment
$353,340
Total Assessment
$374,340
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Modern 3-family private driveway Williamsburg | 360 S 3rd St
