520 Union Ave - Apartments FOR SALE


Brooklyn, NY 11211- Williamsburg
$5,150,000 USD
718-360-8827
520 Union Ave, Brooklyn, NY for Sale
$5,150,000 USD
Apartments - FOR SALE
1/28
null | 5.47% Cap Rate

520 Union Ave
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • Five apartments, exempt from rent regulation
  • Attractive 5.5% cap rate
  • Tax Class Protected- Low expense ratio with an annual tax bill of just $18,720
  • Three blocks south of McCarren Park
  • Within a couple of blocks from establishments such as Lillia, Talea Beer Company, Nami Nori, Bernie’s, and The William Vale

OVERVIEW

Investment Property Realty Group (IPRG) is proud to exclusively present 520 Union Avenue, a premier 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. 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

$5,150,000 USD

PRICE/SF

$1,144 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,030,000

CAP RATE

5.47%

% LEASED

-

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

Justin ZeitchikInvestment Property Realty GroupMore Info
718-360-8827

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Justin ZeitchikInvestment Property Realty GroupMore Info
718-360-8827

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