For Sale
$5,500,000

520 Union Ave Brooklyn, NY 11211

Prime location, renovated, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional three-story walk-up apartment building at 520 Union Avenue, Brooklyn, NY 11211, presents a lucrative investment opportunity. Located on a 2,500 square foot corner lot at the intersection of Union Avenue and Jackson Street, this property boasts 5,300 square feet of space and offers a compelling net operating income (NOI) of $299,910. The building comprises five units, including one five-bedroom unit and four two-bedroom units, all featuring brand new luxurious renovations. The building's prime Williamsburg location places it within easy walking distance of popular establishments like Lillia Restaurant and the expansive McCarren Park, as well as convenient access to the G and L subway lines. The asking price for this multifamily property is $5,500,000, and the lease type is gross. This is a rare chance to acquire a meticulously renovated, high-performing asset in one of Brooklyn's most desirable neighborhoods. The building's strong tenant base and excellent location ensure a stable and potentially appreciating investment. Don't miss this opportunity to own a piece of prime Williamsburg real estate.

Highlights

  • Prime Williamsburg location.
  • Three-story walk-up corner building.
  • Brand new luxurious renovations throughout.
  • Unit mix: one 5-bedroom and four 2-bedroom apartments.
  • Steps from Lillia Restaurant.
  • Located at Union Ave & Jackson St intersection.

Property Details for 520 Union Ave

Property type
Retail properties, Apartment buildings
Square Feet
5,300 SF
Stories
3
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.7161053
Longitude
-73.9517832

FAQs

What type of property is this?
Retail property - Prime location, renovated, high NOI.
Where is the retail property located?
The property is located at 520 Union Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime Williamsburg location.; Three-story walk-up corner building.; Brand new luxurious renovations throughout.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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520 Union Ave
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