520 Union Ave
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520 Union Ave
5 Unit Apartment Building $5,150,000 ($1,030,000/Unit) 5.60% Cap Rate Brooklyn, NY 11211
Executive Summary
The New York Multifamily team is pleased to offer 520 Union Avenue, a 5-unit Multifamily Property at Williamsburg neighborhood for $5,150,000.
• Corner, 100% Free Market 5 Family Building
• North Williamsburg Location | 3 Blocks from McCarren Park
• Gut Renovated and in Turn-Key Condition | Condo Quality Renovations
• Fully Leased & Cash-Flowing Asset | 5.6% Cap Rate In-Place
• 5 Minute Walk to the L & G Train at Metropolitan/Lorimer | 10 Minute Walk to the L Train at Bedford Avenue
• All Separate and Brand New Mechanicals
• Surrounded by internationally known dining, nightlife, and entertainment including one of the best restaurants in the city, Lilia, being 2 blocks away
• Condos in the area consistently selling for north of $1,800 PSF | Rents Consistently North of $100 PSF in the Immediate Vicinity
• Corner, 100% Free Market 5 Family Building
• North Williamsburg Location | 3 Blocks from McCarren Park
• Gut Renovated and in Turn-Key Condition | Condo Quality Renovations
• Fully Leased & Cash-Flowing Asset | 5.6% Cap Rate In-Place
• 5 Minute Walk to the L & G Train at Metropolitan/Lorimer | 10 Minute Walk to the L Train at Bedford Avenue
• All Separate and Brand New Mechanicals
• Surrounded by internationally known dining, nightlife, and entertainment including one of the best restaurants in the city, Lilia, being 2 blocks away
• Condos in the area consistently selling for north of $1,800 PSF | Rents Consistently North of $100 PSF in the Immediate Vicinity
Property Facts
| Price | $5,150,000 | Apartment Style | Low Rise |
| Price Per Unit | $1,030,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.60% | Building Size | 4,500 SF |
| Gross Rent Multiplier | 15.1 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $5,150,000 |
| Price Per Unit | $1,030,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 15.1 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 5+5 | 1 | - | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 02741-0001 | Improvements Assessment | $958,950 |
| Land Assessment | $6,300 | Total Assessment | $965,250 |
PROPERTY TAXES
Parcel Number
02741-0001
Land Assessment
$6,300
Improvements Assessment
$958,950
Total Assessment
$965,250
zoning
| Zoning Code | M1-2/R6A |
| M1-2/R6A |
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520 Union Ave
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