252 Union Ave
Brooklyn, NY 11211
Retail Property For Sale

TerraCRG has been retained to exclusively represent ownership in the sale of 252 Union Avenue, a free-market mixed-use property in the Williamsburg neighborhood of Brooklyn. Located between Scholes Street and Meserole Street, 252 Union Avenue is ~3,130 SF and consists of three residential units and one commercial unit. Two of the residential units are three-bedrooms and one of the residential units is a two-story three-bedroom house in the back of the property. The retail tenant is a highend appointment-only barber shop that has a strong following in the area with two locations. The property has an annual income of $164,151 and an NOI of ~$145,462. The building is located within a prime section of Williamsburg just three blocks from the G train at Broadway and five blocks from the J, M train at Hewes St. It’s also nearby the Williamsburg bridge providing a short commute to Manhattan. It is also within a short distance of Sternberg Park. Retail in this location has exploded bringing some of the best restaurants, bars, cafes and clothing stores opening in the immediate vicinity. Nearby retailers include Blink Fitness, Mountain Province, The Flats BKspeed Coffee, Bar Velo, Trophy Bar, and Walgreens to name a few.