402 Union Ave
Brooklyn, NY 11211
Residential Development in East Williamsburg · Land For Sale · 0.03 AC

Introducing 402 Union Avenue, Prime Flagship Corner Residential Mixed Use Development Site with approved plans located in one of Williamsburg’s Highest Priced Residential & Retail Corridors. Offering a Shovel Ready development opportunity for 5 Residential & 1 Commercial Unit Condo or Rental Buildings. Premium design featuring 3 Full Floor Residential Units, 1 Duplex and 1 Penthouse Duplex, complimented with a Ground Floor flagship two level retail space just off the Lorimer L stop. Tailored for Luxury Condos where sales exceed $1450-1600/SF, retail rents eclipse $100/SF while residential units rent are well over $60/SF, this a top choice for a Mixed Use Boutique Development. Every unit can be designed with large living areas and functional outdoor spaces, satisfying the demand of today’s premium buyer. The corner lot coverage on every floor allows for 3 exposures. The commercial space offers high ceilings and great opportunity for use of over 70LF of frontage. Located in an Opportunity Zone, the commercial space benefits from an ICAP tax abatement. DOB Approved Gross SF for the building is 10,091 with an estimated 8,500 Saleable SF. ****Approved Plans & diligence items will be provided upon request. Located on Union Avenue just two blocks from the Metropolitan Ave G & Lorimer Street L train stations and four blocks from the Brooklyn-Queens Expressway. Surrounded by well-known restaurants cafes and services including Starbucks, Hotel Indigo, Kings Co. Imperial, Think Coffee, Barcade, Montesacro Brooklyn, DeStefano’s Steakhouse, The Ainslie, Kellogg's Diner and Sunac Natural Market among others.