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234 Union Ave
Brooklyn, NY 11211
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Six-story, 34-unit mixed-use corner building totaling approximately 27,000 square feet in prime Williamsburg.
- Four ground-floor retail spaces totaling approximately 3,450 square feet with strong tenant mix and stable income.
- Long-term retail tenants with lease expirations extending through 2033–2035 and 3% annual rent escalations.
- Diversified residential unit mix of 30 apartments, including rent stabilized, free market, rent controlled, and superintendent units.
- Approximately 150 feet of wraparound retail frontage at a highly visible corner intersection on Union Avenue.
- Transit-oriented asset within a five-minute walk of the J, M, and G subway lines for regional connectivity.
Executive Summary
234 Union Avenue is a six-story, 34-unit mixed-use corner walk-up located at the northeast intersection of Union Avenue and Meserole Street in the heart of Williamsburg, Brooklyn. The approximately 27,000 square foot building comprises 30 residential units and four ground-floor retail spaces, offering investors a diversified income stream across residential and commercial uses.
The residential component consists of a balanced mix of rent stabilized, free market, and rent controlled units, providing both stable in-place cash flow and future upside potential, while the unit mix of one-, two-, and three-bedroom apartments supports broad tenant appeal. The retail component features approximately 3,450 square feet across four spaces with roughly 150 feet of wraparound frontage, enhancing visibility and long-term leasing appeal along a wide, high-traffic corridor.
The residential component consists of a balanced mix of rent stabilized, free market, and rent controlled units, providing both stable in-place cash flow and future upside potential, while the unit mix of one-, two-, and three-bedroom apartments supports broad tenant appeal. The retail component features approximately 3,450 square feet across four spaces with roughly 150 feet of wraparound frontage, enhancing visibility and long-term leasing appeal along a wide, high-traffic corridor.
Property Facts
| Price Per Unit | $257,813 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 32 | Building Size | 24,057 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Built-up, medium-density residential district | ||
| Price Per Unit | $257,813 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 24,057 SF |
| No. Stories | 6 |
| Year Built | 1930 |
| Zoning | R6 - Built-up, medium-density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- On-Site Retail
- Smoke Free
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
| 2+1 | 10 | - | 900 |
| 3+1 | 12 | - | 1,100 |
Property Taxes
| Parcel Number | 03040-0001 | Improvements Assessment | $1,782,450 |
| Land Assessment | $112,500 | Total Assessment | $1,894,950 |
Property Taxes
Parcel Number
03040-0001
Land Assessment
$112,500
Improvements Assessment
$1,782,450
Total Assessment
$1,894,950
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