565 Union St - Apartments FOR SALE


Brooklyn, NY 11215
$3,799,000 USD
347-450-3577
565 Union St, Brooklyn, NY for Sale
$3,799,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

565 Union St
Brooklyn, NY 11215


HIGHLIGHTS

  • FULLY VACANT 7 UNIT Brick Building! Exceptional Investment Opportunity!
  • Tremendous potential for a Substantial Rehabilitation program
  • Each unit is individually metered for heating
  • Unused FAR (air rights) - 4,500 SF
  • OPEN HOUSE (By Appt): 1/26 (Sun) 1 – 2 PM

OVERVIEW

OPEN HOUSE (By Appt): 1/26 (Sun) 1 – 2 PM FULLY VACANT 7 UNIT Brick Building! Exceptional Investment Opportunity! This vacant 7 unit solid brick building is an amazing investment opportunity located in a highly desirable Gowanus neighborhood, right between Park Slope and Carroll Gardens! With the building being FULLY VACANT, it offers tremendous potential for a Substantial Rehabilitation program, allowing you to maximize the value of each unit and bring them to the current market value. The property can be converted to rental or condo building. Please consult your own architect. The surrounding area is undergoing significant development, with new luxury projects transforming the neighborhood into one of Brooklyn’s most sought-after areas. This vibrant area is also well-served by convenient access to restaurants, shops, markets, and public transportation, ensuring easy connections throughout the city. Only 4 short blocks to Whole Foods, 0.5 mi to Carroll St F, G train station, 1 mi to Atlantic-Barclays Center, and 2 short blocks to Thomas Greene Playground. The building features: 1st Floor: Spacious 3 Bedroom, 1 Bath unit w/ access to the Backyard Upper Floors (Floor 2, 3 and 4): Six 1 Bedroom, 1 Bath apartments (front and rear layouts) High ceilings, windows in every room, stainless steel appliances in some units Full unfinished basement (size of the building) and a private backyard Each unit is individually metered for heating, providing added flexibility and efficiency for future tenants. Lot: 25 x 90 ft Building: 25 x 45 ft Zoning: M1-2 FAR: 2; MAX FAR: 4 Unused FAR (air rights) - 4,500 SF Taxes: $11,727.40/Yr Don’t miss this rare opportunity to capitalize on a rapidly growing neighborhood with immense upside potential! Don’t Miss this Opportunity! Call TODAY For More Details! Magdalena Sliwa 347-415-7507 Capri Jet Realty 718-388-2188 *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$876 USD /SF

# OF UNITS

7

PRICE/UNIT

$542,714

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

M1-2

APN/PARCEL ID

00433-0054

ASK ABOUT THIS PROPERTY

Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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

Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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