#RLS11027977, Joan Dougherty, Listing Office: Corcoran Group

225 S 1st St New York City, NY 11211
Property details
About 225 S 1st St
Welcome to 225 S. 1st Street, a prime opportunity in the heart of Williamsburg. This versatile four-story building is perfect for first-time buyers, savvy investors, or end users looking to create their dream home while generating substantial rental income. Why get trapped in a $3M condo with high monthly maintenance fees and no return on investment, when you can have freedom to control your lifestyle in an entire building with income-producing units that help pay your mortgage?<br><br>Currently configured with a ground-floor commercial space and three residential floors above, the building is already income-generating. The well-established restaurant on the ground floor is leased at $6,000/month, and the spacious one-bedroom apartment on the second floor can easily rent for $3,000/month. That’s $9,000/month in passive income from day one.<br><br>All three residential floors are vacant and ready to reconfigure to your dreams. Renovate the third and fourth floors into a stunning duplex penthouse with a private roof deck and command $8,000/month in rent–– or take all three floors for a marvelous live/work family residence. Live your ideal lifestyle in a charming building in a great neighborhood and let the restaurant and second-floor tenant cover nearly $9,000 of your monthly expenses with potential to take over the second floor apartment as your family grows.<br><br>With low maintenance costs and tremendous upside, 225 S. 1st Street is a truly smart, and more practical choice. You’re not just buying space — you’re investing in your future. Whether you live in the one-bedroom and collect $14,000/month, or occupy the upper floors and collect $9,000/month, or use all three residential floors and get $6000/month from the restaurant, this property gives you flexibility, security, and serious return.<br><br>This is your chance to own a piece of Williamsburg with real income, real upside, and real value. Schedule a viewing today and see what smart investing really looks like.
Highlights
Summary
- Full Bathrooms: 3
- Total Bedroom Count: 3
- Exterior: Building Roof Deck
- Architectural Style: Prewar, Walk-Up
- List Price: $2,999,999
- Price/SqFt: $937
- Year Built: 1935
- Living Area: 3,200 SqFt
- MLS Number: RLS20019228
- MLS Name: RLS
- Office Name: LEXINGTON PROPERTIES LLC
- Office Phone: (917) 282-8590
- Listing Agent: Matthew W Westfall
- Agent Phone: (917) 903-2627
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Last updated on: 5/2/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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225 S 1st St
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Price information
Property sales
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Tax history
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Nearby schools
9
Success Academy Charter School-Williamsburg
Public Charter KG-4
0.1 mi
•183 S 3rd St Fl ST-4th
4
P.S. 17 Henry D. Woodworth School
Public District PK-5
0.2 mi
•208 N 5th St
6
Brooklyn Arbor Elementary School
Public Magnet KG-5
0.3 mi
•325 S 3rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,108. Residents of New York City, NY typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 225 S 1st St in New York City, NY and zip code 11211 in the Williamsburg neighborhood. This 3,200 square foot home was built in 1935. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 26, 2025 and is currently priced at $2,999,999.
In April 2025, from all listings sold in New York City, NY there were more than 210 sold above asking price, over 652 sold below and more than 792 were sold right at the asked price. In April 2025 in New York City, NY there were 1.7% more homes for sale than in March. Listings spent 131 days on the market in April 2025, and had a median list price of $870,078 during the same period.