Presenting a Once-in-a-Blue-Moon Redevelopment Opportunity to Create the Quintessential Residential Compound in Williamsburg.
This rare offering consists of two tax lots at 305 & 307 South 4th Street, spanning 40 ft. wide and 71.25 ft. deep. With up to approximately 6,270 total residential FAR allowed (to be independently verified) under R6 zoning, with a maximum 2.2 residential FAR and 4.8 community facility FAR, this is the prime location to build a single-family or multi-unit masterpiece. Imagine features such as a private drive-in garage, live/work loft or creative workspace with soaring ceilings, private courtyard, and roof terrace(s). Your dream space awaits with this limitless opportunity!
The existing masonry properties include a one-story garage with full-lot coverage at 305 (class G0), attached to a three-story townhouse at 307 (class C3). 307 South 4th showcases three well-maintained full-floor residential units with multiple exposures and a full-height basement (2,860 total Gross SF). Current annual taxes are $1279 (class 1), and $5310 (class 2A), respectively.
305-307 South 4th is conveniently located near major retail blocks including Broadway, Union Avenue, and Grand Street, in a highly desirable sector of South Williamsburg. You're surrounded by a myriad of options for cafes, restaurants, retail shopping, groceries, and public transportation. The J/M/Z subway lines at Marcy Avenue are just 5 minutes away. Right down the block, you'll find Rodney Park and CitiBike stations. The South Williamsburg Ferry Landing and brand new Domino Park/Campus also less than one mile away!
Please email the exclusive marketing team for the full offering memorandum and schedule showings by appointment only.
Listed by Marvin Chu
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License #10301209550
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Corcoran Group
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(718) 685-9430
Listed by Christopher V Cavorti
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License #10301206385
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Corcoran Group
Last updated August 20, 2025
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Source: REBNY #RLS20017817
Listing Facts
TypeMulti-family
NeighborhoodEast Williamsburg
Bedrooms3
Bathrooms3.5
Days on Prevu139
Taxes$7,080/year
Size4,750 sqft
Price per sqft$737
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
05/27/2025
Price Decreased
$3,500,000
04/21/2025
Listed by Corcoran Group
$3,750,000
Estimated Closing Costs
Total
$131,650
Attorney Fees
$4,000
NYC Mansion Tax
$52,500
Title Insurance
$15,750
Bank Attorney
$1,500
Mortgage Recording Tax
$53,900
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $3,500,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.