565 Union St
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565 Union St
7 Unit Apartment Building $3,799,000 ($542,714/Unit) Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- FULLY VACANT 7 UNIT Brick Building! Exceptional Investment Opportunity!
- Each unit is individually metered for heating
- OPEN HOUSE (By Appt): 3/1 (Sat) 1 - 2 PM
- Tremendous potential for a Substantial Rehabilitation program
- Unused FAR (air rights) - 4,500 SF
EXECUTIVE SUMMARY
OPEN HOUSE (By Appt): 3/1 (Sat) 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.
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.
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Tile Floors
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Basement
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Recycling
- Storage Space
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 1+1 | 6 | - | - |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 00433-0054 | Improvements Assessment | $1,152,450 |
| Land Assessment | $5,400 | Total Assessment | $1,157,850 |
PROPERTY TAXES
Parcel Number
00433-0054
Land Assessment
$5,400
Improvements Assessment
$1,152,450
Total Assessment
$1,157,850
ZONING
| Zoning Code | M1-2 (a light manufacturing zoning district that allows for manufacturing, commercial, and community facility uses) |
| M1-2 (a light manufacturing zoning district that allows for manufacturing, commercial, and community facility uses) |
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565 Union St
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