192-194 Union St 4 Unit Apartment Building $9,750,000 ($2,437,500/Unit) 5.10% Cap Rate Brooklyn, NY 11231

Own a piece of history - Iconic Italian Bakery | Turnkey Business & Real Estate Opportunity
Presenting an exceptionally rare offering in the heart of coveted Carroll Gardens, the sale of 192 and 194 Union Street. This incredible opportunity features two adjacent, turn-of-the-century multi-family buildings built in 1900, poised for a discerning investor or owner-user seeking a significant foothold in one of Brooklyn's most desirable neighborhoods.
This combined offering provides an impressive scale and potential for diverse income streams, with 192 Union Street a four-story mixed-use building featuring 3 residential units and a commercial storefront and 194 Union Street a four-story, four-family residential building, currently arranged as 3 apartments and a commercial component. Both buildings boast classic Brooklyn brownstone architecture with touches of original detail that can be restored or enhanced, their 1900 construction year speaking to the enduring quality and character of the neighborhood.
Presently, a combined total of seven residential units, this offering provides significant residetial rental income in a consistently strong market, and the diverse unit types offer flexibility for various tenant needs.
Step into a century of tradition with the once-in-a-lifetime opportunity to own Mazzola’s Bakery, a beloved Carroll Gardens institution and cornerstone of the neighborhood since 1928.
For 100 years, Mazzola’s has proudly served generations of Brooklynites the finest Italian cookies, legendary lard bread, pastries, and artisanal baked goods. This is more than a bakery, it's a living legacy.
HISTORY …
In 1928, Nicolo Mazzola opened a bakery at the corner of Henry and Union streets in what was then called South Brooklyn. Driven by hunger and the almost feudal poverty and drawn by the lure of jobs along Brooklyn’s developing waterfront Italian immigrants flocked to the neighborhood today known as or re-dubbed Carroll Gardens, after the front gardens palace blocks.
In 1846, surveyor Richard Butt planned gardens in front of the brownstone houses in the oldest section of the neighborhood when he developed it.The homes are set farther back from the street than is common in Brooklyn, and the large gardens became an iconic depiction of the neighborhood. The same year, a law was passed requiring that all buildings between Henry Street and Smith Street have 33 feet 5.25 inches between the building and the street for "courtyards" effectively creating the coveted front gardens of Carroll Gardens. In 1853 the City of NY purchased the largest private garden and named it Carroll Park.
This historic block of Union Street boasts immediate access to a thriving array of popular restaurants, unique boutiques, cozy cafes, artisanal food shops, and local pizzerias. The F & G subway lines at Carroll Street are just a short 8-minute walk away, providing seamless access to Manhattan and throughout Brooklyn. It is renowned for its culinary scene and local businesses. Don't miss this extraordinary chance to acquire a substantial piece of Carroll Gardens' legacy. Whether you're looking to expand your investment portfolio, create a grand owner's residence with income, or a passionate baker dreaming of your own storefront, 192-194 Union Street offers an unparalleled canvas in one of Brooklyn's most sought-after neighborhoods.
Serious inquiries only. Huge value-added potential and long term upside on Brooklyn's most coveted corners. Contact us today for a private showing!!

192 Union Street Capital Improvements
2022: Boiler replaced
2022: Two water meters installed
2022: Built out new retail space
2021: Repointed on all four sides
2001: Electric fully updated throughout
2001: New gas line from street
194 Union Street Capital Improvements
2023: New sewer line to drain the runoff water gutters
2022: All residential electric updated
2022: Boiler replaced
2022: Two water meters installed
2021: Repointed on all four sides
2017: Parlor apartment renovated
2015: Roof replaced
2003: Re brownstoned