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448 Union Ave. TH, Brooklyn, NY 11211

$7,500,000
Active Listing
Listing Details:
$7,500,000 Price
Condo Property Type
Williamsburg Neighborhood
12 Beds
6 Baths
6,670 Approx. Sq. Ft.
$1,312 RET
Key Features:
Unit Terrace
Description:

Introducing 448 Union Avenue, an expansive 6-family corner building with 3 commercial spaces in an unbeatable location in Williamsburg. This is a once in a lifetime opportunity to own a piece of iconic Brooklyn.

448 Union Ave sits on a 26 x 84 ft corner lot, highly visible from both Union and Metropolitan Aves with a combined total of 110 feet of frontage. The building is situated near the entrance to Kellog's Diner, Macri Triangle, Hotel Indigo, Sunac Natural Foods, as well as dozens of eateries and cafes. The Metropolitan Ave-Lorimer St station entrance with both G & L trains is located close to the building, which pre-pandemic boasted ridership of over 5,000,000 annually.

The building is in good condition, with large floor through layouts for each apartment. 1 unit is free market (vacant), with 4 rent stabilized, and 1 rent controlled. The building has an FAR of 4, with 2,536 sqft of unused buildable. Possible uses can be as a 4-level single family, boutique hotel or condo conversion.

The roof is well maintained, and capital improvements include tier 3 electricity, individual electric/gas meters, and gas boiler.

The full offering memorandum is available upon request.

Listing courtesy of The Corcoran Group

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