What's Happening?
A two-family townhouse located at 110 Beadel Street in Williamsburg, Brooklyn, is on the market for $1.25 million. This property, situated on a residential block that borders Greenpoint and East Williamsburg, presents a versatile living arrangement. Currently
configured as a two-unit dwelling, it includes a full basement and offers the potential to be converted into a single-family home or to generate rental income from one or both units. The townhouse, measuring 20 feet by 55 feet, features a brick facade, pre-war details, ducted central air, and a backyard. The top floor comprises a living room, dining room, two bedrooms, and one bathroom, while the first floor is set up as a one-bedroom, one-bath home with additional living and dining spaces. The first floor will be delivered vacant, and the second floor has a market-rate tenant until May 2027.
Why It's Important?
This property offers a more affordable alternative to the high-priced condo market in Williamsburg, a neighborhood known for its trendy appeal and rising real estate values. With the asking price of $1.25 million, the townhouse competes with the cost of a one-bedroom condo in the area, providing potential buyers with more space and flexibility. The option to convert the property into a single-family home or maintain it as a rental investment adds to its appeal, especially in a market where rental income can be lucrative. This development reflects broader trends in urban real estate, where buyers seek properties that offer both investment potential and personal living space.
What's Next?
Potential buyers may consider the townhouse as a long-term investment, given the ongoing demand for rental properties in Williamsburg. The flexibility to convert the property into a single-family home or maintain it as a rental unit provides options for future owners. As the real estate market in Williamsburg continues to evolve, properties like this one may become increasingly attractive to those looking to balance affordability with the benefits of urban living. The presence of a market-rate tenant until 2027 also offers immediate rental income potential for investors.
