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Devoe Union 3 Properties in Brooklyn, NY
INVESTMENT HIGHLIGHTS
- 9-unit free market corner property with ample FAR to build
EXECUTIVE SUMMARY
Excellent Investment/Development opportunity in Williamsburg Brooklyn! Standing predominantly at the corner of Union Avenue and Devoe Street, this beautiful free market, 9-unit, mixed-use corner property comprises three contiguous buildings and ample FAR to build.
The buildings consist of a 5-family residential, 2-unit retail/office building and a 2-unit loft building complete with backyard, roof and 2 basements. Additional highlights include 325 sqft bonus workspace, two legal curb cuts and additional FAR to build, offering further development potential.
With a pro-forma NOI of $550K+ in as is condition with minimal renovation, this property offers great income with minimal maintenance.
All units are free-market and in excellent condition. Tenants are paying under market rents and most are month-to-month leases.
All buildable information must be independently verified.
Please contact me for full information.
The buildings consist of a 5-family residential, 2-unit retail/office building and a 2-unit loft building complete with backyard, roof and 2 basements. Additional highlights include 325 sqft bonus workspace, two legal curb cuts and additional FAR to build, offering further development potential.
With a pro-forma NOI of $550K+ in as is condition with minimal renovation, this property offers great income with minimal maintenance.
All units are free-market and in excellent condition. Tenants are paying under market rents and most are month-to-month leases.
All buildable information must be independently verified.
Please contact me for full information.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 9,610 SF |
| Number of Properties | 3 | Total Land Area | 0.37 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,610 SF |
| Total Land Area | 0.37 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 430 Union Ave, Brooklyn, NY 11211 | Multifamily | 3,973 SF | 1930 | - |
| 9 Devoe St, Brooklyn, NY 11211 | Office | 2,500 SF | 1930 | - |
| 426 Union Ave, Brooklyn, NY 11211 | Retail | 3,137 SF | 1930 | - |
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