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378-382 Union Ave - 380 Union Avenue

4,156 SF Retail Condo Unit Offered at $4,200,000 in Brooklyn, NY 11211

Apartment Buildings New York Brooklyn 378-382 Union Ave, Brooklyn, NY 11211

Investment Highlights

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

Property Facts

Price $4,200,000 Building Class C
Unit Size 4,156 SF Floors 6
No. Units 1 Typical Floor Size 5,072 SF
Total Building Size 37,030 SF Year Built 1931
Property Type Multifamily (Condo) Lot Size 0.27 AC
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment Sale Conditions
1031 Exchange
  • Build to Suit
Price $4,200,000
Unit Size 4,156 SF
No. Units 1
Total Building Size 37,030 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment
Building Class C
Floors 6
Typical Floor Size 5,072 SF
Year Built 1931
Lot Size 0.27 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions
1031 Exchange
  • Build to Suit

1 Unit Available

Unit 101

Unit Size 4,156 SF Sale Type Investment
Price $4,200,000 Cap Rate 5.76%
Price Per SF $1,010.59 NOI $241,841
Condo Use Retail Sale Conditions 1031 Exchange, Build to Suit
Unit Size 4,156 SF
Price $4,200,000
Price Per SF $1,010.59
Condo Use Retail
Sale Type Investment
Cap Rate 5.76%
NOI $241,841
Sale Conditions 1031 Exchange, Build to Suit
Description

Retail Condo at 380 Union Avenue, Prime Williamsburg, Brooklyn
Bijou Equities is proud to offer an exclusive retail condo for sale at 380 Union Avenue, located in the heart of Williamsburg, Brooklyn. This 4,156-square-foot ground-floor retail space, currently occupied by Metropolitan Dental Arts, presents an excellent investment opportunity. With a stable tenant in place this asset provides both immediate cash flow and long-term appreciation in one of Brooklyn’s most sought-after locations.

Sale Notes

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.

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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Kitchen
  • Hardwood Floors
  • Tub/Shower

Site Amenities

  • Fitness Center
  • Doorman
  • Storage Space
  • Elevator

zoning

Zoning Code R6
R6
(917) 626-8413

Contact

  • Fred Bijou
    Fred Bijou
  • Bijou Equities

  • Listing ID: 33434012

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 378-382 Union Ave, Brooklyn, NY 11211

More public record information on 378-382 Union Ave, Brooklyn, NY 11211

The Multifamily Property at 378-382 Union Ave, Brooklyn, NY 11211 is currently available for sale. Contact Bijou Equities for more information.

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378-382 Union Ave - 380 Union Avenue
(917) 626-8413 x

378-382 Union Ave - 380 Union Avenue

Fred Bijou

(917) 626-8413

(917) 626-8413

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