Price Reduction
Address
347 Union Avenue # Building New York, NY
Price
$ 2,500,000
Property Attributes
  • MLS#OLRS0061379
  • TypeSingle Family
  • CountyKINGS
  • CityNew York
  • AreaBrooklyn
  • NeighborhoodWilliamsburg
  • Zip11211
  • StyleMixedUse
  • Price$ 2,500,000
  • Bedrooms10
  • Full Bathrooms5
  • Half Bathrooms1
  • Sqr Footage1900
Listing Provided Courtesy Of:
Gladys Barco with Compass
Data Source:
Real Estate Board of New York (REBNY)
Property Description

New Two-Family with astore available for sale for the first time since its inception in 2000. All the apartments in this building have been fully renovated with meticulous detail. All units are currently on a month-to-month Lease except for the restaurant which has a Lease until July 2023. The Penthouse unit will be delivered vacant and has a private terrace overlooking Brooklyn. This vacant unit can increase the rent roll dramatically. The new owner will see an immediate 4.5% rate of return, easily increasing it to 5% when the penthouse is Leased. Excellent potential to achieve over a 6% Capitalization Rate of Return by repositioning the rental units. Located on Union Avenue and Grand Street in prime Williamsburg. This location is perfectly positioned in a high-demand rental area. Call, text, or email anytime for further information and to receive a detailed set up sheet with income, expenses and projected rental income.

Price History
10/4/2021 Listed $2,700,000
12/22/2021 8% - $2,500,000

General Features

City NewYorkCity
County Kings
Garage Y/N No
Patio/Porch Features Terrace
Pets Allowed Yes
Property SubType MixedUse
Property Type Residential
Standard Status Active
Status Active
Street Name Union
Subdivision Name Williamsburg
Tax Lot 9
Tax Year 2021
TaxAssessedValue 30440
Total Rooms 18
Unit Number Building
Water Sewer Expense 0.0
Year Built 2000
Zoning R6

Interior Features

Full Baths 5
Half Baths 1
Living Area 1900.0
Living Area Units SquareFeet
Street Suffix Avenue
Total Baths 6
Total Bedrooms 10
Total Stories 3

Exterior Features

Lot Dimensions 25.0 x 60.0
Other Equipment Intercom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 11211

Price
AVG $2.4M
$2.5M
Visits
AVG 287
6
Year Built
AVG 1951
2000
Walkscore
AVG 98
99
Data Provided by Walkscore ® not using MLS data
Fair Housing Icon NY Fair Housing Notice