16 Unit Bulk Condo Sale in Prime Williamsburg

305 Union Avenue, Brooklyn, NY

$21,500,000

Price

$920,173

NOI

16,953 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$920,173
Building Size
16,953 sqft
Units
16
Year Built
2019
Floors
7
Parking Spots
8
Highlights
  • 16 fully occupied, free market units and 8 parking spots located at The Union BK Condominium
  • Opportunity to sell individual condos for at least $1,600/SF
  • Assumable debt of $10,200,000 for 2 years at 3.33%
  • 15 year 421A tax abatement (12 years remaining)
  • The asset is currently achieving rents of $66/SF in a market where rents are north of $75/SF showing upside
  • Amenities include an underground parking garage with electric charging, residents’ lounge, fitness room, virtual doorman and a package room with cold storage
  • A modern and unique design with loft like living featuring 9’4” ceilings in most living spaces
  • A green oriented building, The Union BK Condominium utilizes many sustainable materials to benefit residents
  • Convenient transportation options with the L, G, J, M & Z trains. A short walk to trendy restaurants, cafes, bars, boutique shops, McCarren Park & more
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