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322 Union Ave 5,350 SF 78% Leased 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
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
Amenities
- 24 Hour Access
- Fenced Lot
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Turnkey Restaurant Space with Private Garden on Prime Union Ave Exceptional opportunity to lease a fully built-out 1,200 SF retail space in a prime Union Avenue location. Delivered turnkey and ready for immediate operation, this space features a complete restaurant build-out, making it ideal for food and beverage operators looking to hit the ground running. The layout includes multiple private restrooms and a well-designed interior suited for efficient service and guest flow. A rare highlight of the property is the expansive private backyard garden—perfect for outdoor dining, events, or creating a unique customer experience. Situated on one of the area’s most active corridors, this location offers strong visibility, consistent foot traffic, and easy accessibility. Key Features: 1,200 SF retail space Full restaurant build-out (turnkey) Multiple private restrooms Large private backyard garden Prime Union Avenue location with excellent exposure A standout opportunity for restaurateurs seeking a ready-to-go space in a high-demand area.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Restaurant | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Turnkey Restaurant Space with Private Garden on Prime Union Ave Exceptional opportunity to lease a fully built-out 1,200 SF retail space in a prime Union Avenue location. Delivered turnkey and ready for immediate operation, this space features a complete restaurant build-out, making it ideal for food and beverage operators looking to hit the ground running. The layout includes multiple private restrooms and a well-designed interior suited for efficient service and guest flow. A rare highlight of the property is the expansive private backyard garden—perfect for outdoor dining, events, or creating a unique customer experience. Situated on one of the area’s most active corridors, this location offers strong visibility, consistent foot traffic, and easy accessibility. Key Features: 1,200 SF retail space Full restaurant build-out (turnkey) Multiple private restrooms Large private backyard garden Prime Union Avenue location with excellent exposure A standout opportunity for restaurateurs seeking a ready-to-go space in a high-demand area.
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
Presented by
322 Union Ave
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