** ?$100,000 (13%) ?Price ?Improvement! ?** ?Great opportunity for investment with a ?~?4% CAP rate or a fantastic starter home. The ONLY Convertible 1 Bedroom unit under $700k on the waterfront?!

???** Schaefer Landing ** Large Convertible 1 Bedroom with Large Walk-In-Closet, Open Chef’s Kitchen, Washer/Dryer and Manhattan Views in a Full Service, Luxury Building on Williamsburg’s Waterfront ** As you enter the hallway, past the extra spacious bathroom, large walk in closet and pantry, the home opens up into a large, alcove living space which can easily be converted into a FULL SIZED AND FUNCTIONAL one bedroom.

Unique to this unit, the current owners already moved the sprinkler system making this alternate layout even easier! Flanked by oversized windows, the room gets incredible natural sunlight, with views of the river, Manhattan and the Williamsburg Bridge. The chef’s kitchen boasts granite countertops, stainless steel appliances (including a microwave and dishwasher), tons of cabinets and a breakfast bar for entertaining.

Schaefer Landing is among Williamsburg’s newest condominium buildings with an amazing amenity package. Recently renovated, the landscaped roof deck with spectacular views has high speed Wifi, a large gas grill and herb garden. The fitness center, with waterfront views, is open 24 hours and the spacious lounge area, adjacent to the flower garden, can be reserved for private events. It also features a gated security entrance with attendant, live-in-super, 24-hour doorman with concierge service, kids playroom, business center, large library with outdoor courtyard and parking garage with Zipcars for ultra convenience.

Enjoy a private keyed entrance to the dock for the East River Ferry and be in DUMBO, Manhattan, Greenpoint or LIC in minutes for the same price as a subway fare! Transportation also includes the L, J, M, and Z trains as well as a quick and private building shuttle when you don’t want to walk! Although Citibikes are just steps away, residents have private bike storage in the basement.

Schaefer Landing has a unique waterfront location with city views, proximity to numerous parks, Michelin star restaurants, shopping, nightlife and landmarks like Peter Luger's, the farm to table butcher/vegetable stands, Marlow & Daughters, Marlow & sons. Premium retail experiences such as Apple, Whole Foods, and SoulCycle have opened their doors alongside Williamsburg Cinemas, Nitehawk, Brooklyn Bowl, Music Hall of Williamsburg, and the new William Vale Hotel.

With so many great attributes, this is your chance to live in one of the most sought-after buildings in Brooklyn. The building benefits from a 25 year, 421a-Tax abatement expiring in 2032. All of the neighborhood growth, plus the Domino Sugar Factory redevelopment, continues to add value to the building, making it a great investment opportunity.