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September 16, 2022

Listed by Jordan March, Sean McPeak, Jorge Sariego, and Chris Gillis

Link: serhant.com/listings/3872164

Opportunity Awaits! Reach out for full investment setup.

An expansive multi-family townhouse nestled between McCarren Park and Cooper Park, 224 Withers Street is a prime investment opportunity with amazing growth potential. Clad in a classic redbrick façade, the property spreads 8 bedrooms and 6 bathrooms across a trio of spacious rental units. The only house in the vicinity with two income-generating gated parking spots, a private rooftop deck, and a fenced backyard patio with a storage shed. Plans are approved for an additional 1,300 sqft penthouse level and roof deck should owners decide to pursue this option.

Each home features hardwood floors, sash windows, airy high ceilings (10-12ft), open-concept layouts, private outdoor space, and corner kitchens with stainless steel appliances including gas-burning stoves. The first apartment is a 2-bedroom, 2-bathroom duplex with backyard access, laundry room, and an expansive lower level that is soundproofed from a previous sound studio setup and has approved plans for an extra full bathroom. It can also easily be used as a home office or workout space. The second and third apartments have 3 bedrooms, 2 bathrooms, with their own front and back balconies. The entry hallway is equipped with a security camera.

Built in 2003 and originally conceived as a six-family building, 224 Withers was upgraded to a three-family that is easily convertible back to a six-family or a high-end single family with the right permits and plans. Situated in Williamsburg, the building is moments from dozens of trendy restaurants, bars, cafes, and shops. It is close to McCarren Park, Msgr. McGolrick Park, Cooper Park, Greenpoint, and Brooklyn Steel. Nearby subway lines include the L (Grand Street Stop) and G trains.

Lot size: 25 ft x 100 ft

See More At: serhant.com