520 Union Ave - Apartments FOR SALE


Brooklyn, NY 11211- Williamsburg
$4,650,000 USD
631-235-9741
520 Union Ave, Brooklyn, NY for Sale
$4,650,000 USD
Apartments - FOR SALE
1/25
null | 6.3% Cap Rate

520 Union Ave
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • 3-Story Walkup | Corner Building
  • Brand New Luxurious Renovations | In-Unit W/D
  • Located at the corner of Union Ave & Jackson St Steps away from McCarren Park & G/L Train
  • Steps from Lillia Restaurant
  • Opportunity for painted signage/branding for new owner
  • Prime visibility from BQE

OVERVIEW

100% Free Market investment opportunity located at the intersection of Union Avenue and Jackson Street. This meticulously renovated building has undergone a complete gut renovation, featuring high-end, condo-quality finishes throughout. Each unit is equipped with modern conveniences, including in-unit washer/dryer, dishwasher, split unit systems, and flat screen TVs. Layouts include 1 5BR & 4 2BR, fully electric with independent Water Heaters, no gas in building, full gut renovation ~1.5 years ago, new Roof, waterproofing, and brick repointing. The property comprises five distinct apartments: a spacious five-bedroom duplex on the first floor with exclusive access to a private backyard, and four well-appointed two-bedroom units on the second and third floors. The property is located within walking distance to the G & L subway lines.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$1,033 USD /SF

# OF UNITS

5

PRICE/UNIT

$930,000

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

M1-2/R6A, MX-8

APN/PARCEL ID

02741-0001

ASK ABOUT THIS PROPERTY

Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

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Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

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