117 South 3RD Street #5A, New York City, NY 11249
Listing Courtesy of Corcoran Group
$2,095,000
Potential Rebate: $31,425
Overview
<br> Discover an exceptional South Williamsburg residence offering rare indoor-outdoor living. This <strong>duplex 2-bedroom, 2-bath</strong> home sits on the top floor of an intimate <strong>8-unit elevator building </strong>and delivers over 750 sq ft of <strong>private outdoor space </strong>across <strong>three separate terraces</strong>.<br> <br> The main living level is a bright, south-facing corner wrapped in floor-to-ceiling windows, filling the space with natural light throughout the day. A generous dining area opens directly onto the first terrace, creating an effortless flow for entertaining or everyday lounging. The windowed kitchen is equipped with premium Viking and Sub-Zero appliances and offers excellent storage and prep space.<br> <br> Both bedrooms face east for quiet morning light. The primary suite features a walk-in closet and its own bath, while the secondary bedroom includes a private balcony. Upstairs, a mezzanine level provides a versatile bonus area ideal for a home office, studio, or lounge, along with an oversized laundry room. From there, step out onto your expansive rooftop terrace-your own sky-level retreat with open neighborhood views.<br> <br> Additional highlights include ducted central air, a sizable private storage room with high ceilings, and the benefit of a <strong>25-year tax abatement (ending 2033)</strong>, <strong>plus very low common charges.</strong><br> <br> 117 S 3rd Street is perfectly positioned near Bedford Avenue, Broadway's vibrant restaurant and bar scene, and the growing collection of hotspots along Wythe Ave and Domino Park. Multiple train lines (J/M/Z and L) are close by, making commuting simple and flexible. Experience the energy, creativity, and convenience of the southside-an area in the midst of its exciting revival.<br> <br> (Mezzanine level not included in recorded square footage, per the offering plan)<br>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Juliet Balcony
- •Private Outdoor Space Over 60 Sqft
- •Washer Dryer Allowed
- •City
Estimated Monthly Payment
$10,931 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$31,425
Monthly savings impact
$87/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
184 Kent Avenue #D-601, New York City, NY 11249
Listing Courtesy of Nest Seekers LLC
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20060368
Price Analysis
Compare average listing prices and value metrics for 117 South 3RD Street against the surrounding Williamsburg market.
Average List Price
Price Per SqFt
5.75% Higher
than the Williamsburg price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Williamsburg.
Williamsburg
Overview of Williamsburg
Williamsburg is the global poster child for urban cool. Located just across the East River from Manhattan, it is a cultural powerhouse known for its nightlife, art scene, and trendsetting style. For buyers seeking Williamsburg Brooklyn real estate, it offers the city's most dynamic and energetic living environment.
Living in Williamsburg is fast-paced. The neighborhood is divided into the ultra-modern waterfront (Northside), the grittier Southside, and the quieter Italian/hipster mix to the east. As a premier Brooklyn NYC neighborhood, it rivals downtown Manhattan for influence and price.
Real Estate & Housing Market
The market for homes for sale in Williamsburg is premium. The waterfront is lined with "glass castles" like The Edge and Domino Sugar Factory. Inland, you find converted lofts and renovated tenements.
Demand is insatiable, driven by a young, affluent demographic that prioritizes amenities, views, and proximity to the L train.
Lifestyle & Community
The lifestyle in Williamsburg is 24/7. Bedford Avenue is the main drag, packed with tourists and shoppers. The dining scene is world-class, featuring institutions like Peter Luger alongside new hotspots.
The community is a mix of creative professionals, young families (the "stroller brigade" on the waterfront), and long-time residents, though gentrification has shifted the balance heavily toward the wealthy.
Transportation & Accessibility
Williamsburg is served by the L, G, J, M, and Z trains. The L train at Bedford Ave is one stop from Manhattan, making the commute incredibly fast.
The Williamsburg Bridge offers a bike path that sees thousands of cyclists commuting daily. The ferry terminals at North and South Williamsburg provide a relaxed alternative.
Parks, Schools & Amenities
Domino Park and Marsha P. Johnson State Park (East River State Park) are the jewels of the waterfront. McCarren Park is the active center for sports and picnics.
Amenities are unmatched: Whole Foods, Apple Store, Equinox, and hermès. Williamsburg has effectively become a self-sufficient city.
Who This Neighborhood Is Best For
Williamsburg is best for socialites, trendsetters, and young families who want the excitement of Manhattan with the fresh air and views of Brooklyn.
