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322 Union Ave 5,350 SF Retail Building Brooklyn, NY 11211 $3,950,000 ($738.32/SF) 6.13% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!!
- The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!!
- The Building Has 25’ Of Frontage On Busy Union Avenue!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, ++!!
- Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, +++!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, IHOP, +++!!! The Building Has 25’ Of Frontage On Busy Union Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Gourmet Deli (2,650 Sqft.): $96,000 Ann.
Unit 2 (4 Br. Apt.): $78,000 Ann.
Unit 3 (4 Br. Apt.): $78,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $6,000 Ann.
Water: $0 Ann.
Taxes: $3,669.76 Ann.
Total Expenses: $9,919.76 Ann.
Current Gross Income: $252,000 Ann.
Net Operating Income (NOI): $242,080.24 Ann.
Income:
Gourmet Deli (2,650 Sqft.): $96,000 Ann.
Unit 2 (4 Br. Apt.): $78,000 Ann.
Unit 3 (4 Br. Apt.): $78,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $6,000 Ann.
Water: $0 Ann.
Taxes: $3,669.76 Ann.
Total Expenses: $9,919.76 Ann.
Current Gross Income: $252,000 Ann.
Net Operating Income (NOI): $242,080.24 Ann.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$252,000
|
$47.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$252,000
|
$47.10
|
| Taxes |
$3,669
|
$0.69
|
| Operating Expenses |
$6,250
|
$1.17
|
| Total Expenses |
$9,919
|
$1.85
|
| Net Operating Income |
$242,081
|
$45.25
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $252,000 |
| Annual Per SF | $47.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $252,000 |
| Annual Per SF | $47.10 |
| Taxes | |
|---|---|
| Annual | $3,669 |
| Annual Per SF | $0.69 |
| Operating Expenses | |
|---|---|
| Annual | $6,250 |
| Annual Per SF | $1.17 |
| Total Expenses | |
|---|---|
| Annual | $9,919 |
| Annual Per SF | $1.85 |
| Net Operating Income | |
|---|---|
| Annual | $242,081 |
| Annual Per SF | $45.25 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,350 SF
Building Class
C
Year Built
1899
Price
$3,950,000
Price Per SF
$738.32
Cap Rate
6.13%
NOI
$242,080
Tenancy
Single
Building Height
3 Stories
Building FAR
2.05
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R7A/C2-4 - Located in the Williamsburg neighborhood of Brooklyn between Maujer St & Ten Eyck St near the Metropolitan Ave - Lorimer St subway station.
Parking
6 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Fenced Lot
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02791-0006 | Total Assessment | $218,400 (2025) |
| Land Assessment | $14,100 (2025) | Annual Taxes | $3,669 ($0.69/SF) |
| Improvements Assessment | $204,300 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02791-0006
Land Assessment
$14,100 (2025)
Improvements Assessment
$204,300 (2025)
Total Assessment
$218,400 (2025)
Annual Taxes
$3,669 ($0.69/SF)
Tax Year
2024
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