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1023 Union Street
About This Property
The first floor boasts a large living room connected to an oversized dining room through a set of french doors. Further into the home is the kitchen and, in the very back of the first floor, you'll find a well-sized bonus room to be used as a 4th bedroom or an office/den. Upstairs, find 3 large bedrooms and a huge bathroom. The full basement has a 6'4" ceiling height. There is a small wrap-around yard at the rear and side of the home, and the lot is right next door to the beautifully maintained Union Street community garden. The home is less than one block to the 2/3/4/5/S trains at Franklin Avenue, the loads of amenities lining both Franklin and Washington Avenues, as well as neighboring the Brooklyn Botanic Garden and Brooklyn Museum.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Dec 27, 2023 | Listed by Corcoran Group | $1,050,000 | |
| Listed by Corcoran Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017