520 Union AveBrooklyn, NY 11211

Property Details for 520 Union Ave

Year built

1928

Lot size

0.06 AC

Property size (Sq ft)

5,300 SF

Zone code

M12R6A

Property type

Investment properties

Property subtype

Live-work space

APN

02741-0001

APU

27410001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $876,248

  6.5%

  $808,845

  7%

  $751,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $692,498

  Geo Method

  $692,498

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,967

  Hospitality

  $918,713

  Educational

  $764,358

  Medical

  $790,646

  Retail

  $1,189,002

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7161

Longitude

-73.9516

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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