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5 South 5th Street #504, New York City, NY 11249

Listing Courtesy of Keller Williams NYC

$3,500/mo

Potential Rebate: $53

Studio
1 Bath
2 Rooms
663,274 sqft
Built 2024
56 Stories
Listed on Dec 12, 2025
18 days on market

Overview

New to market, beautiful studio on the 5th floor with W/D in unit. Great opportunity to take over the lease in this amazing building.
Sublet for 5 months and potentially an option for renewal.
Brand-new rental residences on the Williamsburg waterfront.

Designed by Annabelle Selldorf, this captivating pearlescent building stands tall beside the Williamsburg Bridge and Brooklyn’s Domino Park. It offers unparalleled views of the Manhattan skyline from its 45,000 square feet of amenity space across five floors, supporting creativity, wellness, and community.

The Club at 1DSQ offers over 45,000 square feet of amenities including a full-service fitness center with indoor and outdoor pools, multiple resident lounges and outdoor terraces.

Aquatics Center + Lounge
- Heated indoor lap + swimming pool
- Poolside showers and rinse areas
- Hydrotherapy spa pool
- Cold Plunge
- Dedicated Locker Rooms with private showers
- Steam Room
- Sauna

State-of-the-Art Health Club + Fitness Center
- Weight and cardio training equipment
- Group fitness movement studio
- Yoga Studio
- Children’s playroom
- Day-Use Lockers
- Spa treatment and massage rooms

Outdoor Pool + Sundeck
- Resort style heated pool with sundeck
- Outdoor communal dining area
- Private outdoor entertaining spaces
- Open air solarium
- Multiple resident lounges with fireplaces
- Chef’s kitchen with private dining room
- Party room
- Media room with wet bar
- Coffee bar
- Table game lounge
- Social lounge with billiards, table tennis, and foosball
- Pet spa + grooming facilities
- Dedicated WiFi enabled workspaces + library seating
- Group work + collaboration rooms
- Private video/audio conference booths

The Gardens at One Domino Square
- Picnic area and green space
- Al fresco dining and private BBQ alcoves
- Overlooking Domino Square

$20 Application, Security deposit, First month rent

Home Features

  • Common On Floor
  • In Unit

Estimated Monthly Payment

$17 per month

30 year fixed, 6.28% Interest

Principal and Interest
$17
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$53

Monthly savings impact

$0/mo

Effective Purchase Price

$3,448

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

Price Analysis

Compare average listing prices and value metrics for One Domino Square Rental against the surrounding Williamsburg market.

Based on 2 active units in building vs 153 in area

Average List Price

Building$4.4K
Neighborhood$1.5M

Price Per SqFt

Building Avg$0/ft²
Neighborhood Avg$1,440/ft²
Value Opportunity

100.00% Lower

than the Williamsburg price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

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.