South Third Lofts

South Third Lofts is a condo located 351 South 3rd Street, in East Williamsburg, Brooklyn. The building was first built in 2006 and is 18 years old. The lot that the building was built on is 25 feet wide and 120 feet long. The official lot area is listed as 2,950 square feet. The building itself is 24 feet wide and 117 feet long. In total, 351 South 3rd Street has a total floor area of 9,052 square feet. Of that, 9,052 square feet are used for residential purposes. There are a total of 9 units. Of those, 9 are residential units. There are no commercial units in this building. 351 South 3rd Street has a total of 4 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 23 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 147 days Meaning, listings tend to sell at a median of $1,057 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Sep 14, 2015 for $860,000. This particular unit ultimately sold 235 days later for $0. The most recent transaction was for unit 2B, which was first advertised on Jul 19, 2022, sold for $1,250,000 on Oct 13, 2022. Fun fact, the oldest transaction we have on record took place on May 11, 1967. See the full transaction history for South Third Lofts below.

East Williamsburg, where 351 South 3rd Street is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,200,000. For interested buyers, that means the building's median asking price is around 1.47% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.