Excellent Investment/Development opportunity in Williamsburg Brooklyn! Standing predominantly at the corner of Union Avenue and Devoe Street, this beautiful free market, 9-unit, mixed-use corner property comprises three contiguous buildings and ample FAR to build.
The buildings consist of a 5-family residential, 2-unit retail/office building and a 2-unit loft building complete with backyard, roof and 2 basements. Additional highlights include 325 sqft bonus workspace, two legal curb cuts and additional FAR to build, offering further development potential.
With a pro-forma NOI of $550K+ in as is condition with minimal renovation, this property offers great income with minimal maintenance.
All units are free-market and in excellent condition. Tenants are paying under market rents and most are month-to-month leases.
All buildable information must be independently verified.
Please contact me for full information.