322 Union Ave - Retail FOR SALE


Brooklyn, NY 11211- Williamsburg
$3,950,000 USD
516-279-8828
322 Union Ave, Brooklyn, NY for Sale
$3,950,000 USD
Retail - FOR SALE
1/26
null | 6.13% Cap Rate

322 Union Ave
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, ++!!
  • The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!!
  • Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, +++!!!
  • The Building Has 25’ Of Frontage On Busy Union Avenue!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, IHOP, +++!!! The Building Has 25’ Of Frontage On Busy Union Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Gourmet Deli (2,650 Sqft.): $96,000 Ann. Unit 2 (4 Br. Apt.): $78,000 Ann. Unit 3 (4 Br. Apt.): $78,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $6,000 Ann. Water: $0 Ann. Taxes: $3,669.76 Ann. Total Expenses: $9,919.76 Ann. Current Gross Income: $252,000 Ann. Net Operating Income (NOI): $242,080.24 Ann.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7A/C2-4

APN/PARCEL ID

02791-0006

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.