111 South 3rd Street

Overview of 111 South 3rd Street

111 South 3rd Street is a well managed 6 story, 36 unit HDFC co-op located in the heart of South Williamsburg between Bedford Avenue and Berry Street. This self managed building stands out among HDFC properties for its exceptionally large reserve fund and progressive policies, including 90% financing availability, gifting permissions, and a generous sublet policy. The building has undergone extensive recent improvements including a newly renovated lobby and common areas, modern video intercom system, and key fob access throughout.

The building offers pet friendly living with both a live-in super and porter providing full time service. Residents enjoy access to a lush common backyard garden equipped with new furnishings and propane grill, perfect for outdoor entertaining. Additional amenities include a central laundry room, new basement storage units available for just $30 per month, and co-op permission for residents to install in-unit washer and dryer units as well as mini split central air conditioning systems.

Apartments throughout the building showcase a mix of original prewar character and modern renovations. Common features include original red oak flooring or new engineered wood floors, exposed brick accent walls, and southern exposure providing excellent natural light. Many units feature updated kitchens with stainless steel appliances, quartz or granite countertops, and custom cabinetry. Bathrooms often include designer touches like Toto bidet systems, marble tiling, and windowed layouts. Several apartments boast custom millwork, built in storage solutions, and 9 to 10 foot ceilings.

The building's prime South Williamsburg location provides residents with exceptional transit access to both the L train at Bedford Avenue and the J/M/Z lines on Broadway. The neighborhood placement puts residents within 3 blocks of Domino Park and walking distance to the Williamsburg Bridge bike path. Local dining and shopping options are abundant, with easy access to Bedford Avenue's retail corridor and nearby establishments including Whole Foods, Apple Store, and Equinox, as well as neighborhood favorites like Rye, 12 Chairs, and Diner.

As an HDFC co-op, the building maintains income restrictions with individual buyers limited to approximately $55,000 annually and couples to around $60,000 combined income. Despite these restrictions, the building's strong financial position makes it easier to secure financing compared to typical HDFC properties. Maintenance fees remain notably low and include heat and hot water, making this an attractive option for buyers seeking affordable homeownership in one of Brooklyn's most desirable neighborhoods.