378-382 Union Ave - Apartments CONDO FOR SALE


Brooklyn, NY 11211
$3,999,000 USD
917-626-8413
378-382 Union Ave, Brooklyn, NY for Sale
$3,999,000 USD
Apartments CONDO - FOR SALE
1/14
null | 6.05% Cap Rate

378-382 Union Ave
Brooklyn, NY 11211


HIGHLIGHTS

  • Long Term Lease
  • Corner Building in Prime Williamsburg
  • 6% Cap Rate with Increases

OVERVIEW

Key Highlights: Address: 380 Union Avenue, Williamsburg, Brooklyn Location: Prime corner location at bustling Union Ave and tree-lined Powers Street, Square Footage: 4,156 SF of prime retail space in a luxury condo building. Tenant: Metropolitan Dental Arts, a well-established dental practice with seven years remaining on their lease (expires in 2031) and one five-year renewal option. Current Rent: $23,961 per month, approximately $69 per square foot. Connectivity: Close to L, G, and J/M/Z trains, offering quick access to downtown Manhattan.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$962 USD /SF

CAP RATE

6.05%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

380 Union Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

37,030 SF

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,037 SF

ZONING

R6

APN/PARCEL ID

02773-1228

ASK ABOUT THIS PROPERTY

Fred BijouBijou EquitiesMore Info
917-626-8413

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

Fred BijouBijou EquitiesMore Info
917-626-8413

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