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Map
$2,995,000
↓ $505K (14.4%)
●
Commercial -
For Sale
1240 Union Street #16
Prospect Lefferts Gardens, NY 11225
Studio
0 Bath
$19,552
Estimated Monthly
$0
HOA / Fees
-1.42%
Cap Rate
About This Property
Welcome to 1240 Union Street, a charming 16-unit apartment building
in the heart of vibrant Prospect Lefferts Gardens, Brooklyn.
Located in a Qualified Opportunity Zone # 31,900 making it perfect
for the Exchange buyer. This Building has several attractive
features with large apartments and an average unit size of 1,000
sf, this building is a must-see for any discerning real estate
investor. The building boasts four stories of walk-up apartments,
totaling 15,968 sf of living space. Each unit is thoughtfully
designed for comfort and convenience in mind, featuring modern
amenities that are sure to appeal to a variety of tenants. The
building currently has 1 vacant unit and 15 occupied units, a
testament to its desirability and value. Located near numerous
local shops and restaurants, 1240 Union Street is ideally situated
for easy access to all that Brooklyn has to offer, for eg: Prospect
Park, Brooklyn Botanical Gardens and Brooklyn Museum are minutes
away. Residents can take advantage of the area's endless
restaurants, cafes, and cultural attractions, or hop on the nearby
subway for a quick commute to Manhattan or other parts of the city.
Nostrand Ave Subway Station half a block away has 2,3 & 4 train and
President Street Subway also half a block away has 2 & 5 lines. B44
& B 49 are also nearby. With low rents, there is plenty of upside
and an attractive cap rate going in. Don't miss your chance to own
a piece of one of Brooklyn's hottest neighborhoods - schedule a
viewing of 1240 Union Street today!
Unit Size
-
Days on Market
381 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$4,846
HOA Dues
-
Year Built
1912
Listed By
Last updated: 3 months ago (OneKey MLS #ONE3473064)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 11, 2024 | Price Decreased |
$2,995,000
↓ $505K
(14.4%)
|
|
Price Decreased | |||
Jun 12, 2023 | Relisted | $3,500,000 | |
Relisted | |||
Jun 2, 2023 | In contract | - | |
In contract | |||
Apr 22, 2023 | Listed by Keller Williams Realty Greater | $3,500,000 | |
Listed by Keller Williams Realty Greater |
Property Highlights
Exterior Details
Property Information
Square Footage : 15968
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1912
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.15
Lot Size Square Feet: 6388
Lot Size Dimensions: 50x127.75
Financial Details
Tax Annual Amount: $58,149
Utilities Details
Heating: Electric, Natural Gas, Oil, Other
Sewer : Public Sewer
Location Details
Directions: See Map Quest, Google Maps
County or Parish: Brooklyn
Other Details
On Market Date: 2023-04-22
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
5
Beds
5
Baths
3,800 ft²
$658/ft²
$2,500,000
Nov 18, 2019
$2,500,000
Nov 20, 2020
-
Commercial
Loft
-
-
$1,925,000
Feb 22, 2022
$1,925,000
Sep 15, 2022
$639/mo
Sold
Townhouse
5
Beds
5
Baths
3,000 ft²
$1,033/ft²
$3,100,000
Jun 16, 2023
$3,100,000
Jan 10, 2024
$489/mo
Active
Townhouse
Stu
4.5
Baths
2,880 ft²
$1,040/ft²
$2,996,000
Dec 9, 2023
-
$4,534/mo
Active
House
7
Beds
6
Baths
4,380 ft²
$605/ft²
$2,650,000
Dec 22, 2023
-
$1,386/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1240 Union Street
1240 Union Street, Brooklyn, NY 11225
- 16 Units
- 1 Unit for Sale
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