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565 Union St

7 Unit Apartment Building $5,899,656 CAD ($842,808 CAD/Unit) Brooklyn, NY 11215

Investment Highlights

  • FULLY VACANT 7 UNIT Brick Building! Exceptional Investment Opportunity!
  • Each unit is individually metered for heating
  • Tremendous potential for a Substantial Rehabilitation program
  • Unused FAR (air rights) - 4,500 SF

Executive Summary

FULLY VACANT 7 UNIT Brick Building! Exceptional Investment Opportunity!
This vacant 7 unit solid brick building is an amazing investment opportunity located in a highly desirable Gowanus neighborhood, right between Park Slope and Carroll Gardens! With the building being FULLY VACANT, it offers tremendous potential for a Substantial Rehabilitation program, allowing you to maximize the value of each unit and bring them to the current market value. The property can be converted to rental or condo building. Please consult your own architect.
The surrounding area is undergoing significant development, with new luxury projects transforming the neighborhood into one of Brooklyn’s most sought-after areas. This vibrant area is also well-served by convenient access to restaurants, shops, markets, and public transportation, ensuring easy connections throughout the city. Only 4 short blocks to Whole Foods, 0.5 mi to Carroll St F, G train station, 1 mi to Atlantic-Barclays Center, and 2 short blocks to Thomas Greene Playground.
The building features:
1st Floor: Spacious 3 Bedroom, 1 Bath unit w/ access to the Backyard
Upper Floors (Floor 2, 3 and 4): Six 1 Bedroom, 1 Bath apartments (front and rear layouts)
High ceilings, windows in every room, stainless steel appliances in some units
Full unfinished basement (size of the building) and a private backyard
Each unit is individually metered for heating, providing added flexibility and efficiency for future tenants.
Lot: 25 x 90 ft
Building: 25 x 45 ft
Zoning: M1-2
FAR: 2; MAX FAR: 4
Unused FAR (air rights) - 4,500 SF
Taxes: $11,727.40/Yr
Don’t miss this rare opportunity to capitalize on a rapidly growing neighborhood with immense upside potential!
Don’t Miss this Opportunity!
Call TODAY For More Details!
Magdalena Sliwa 347-415-7507
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Attachments

565 Union St

Property Facts

Price $5,899,656 CAD
Price Per Unit $842,808 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
  • High Vacancy Property
  • Redevelopment Project
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.05 AC
Building Size 4,336 SF
Average Occupancy 0%
No. Stories 4
Year Built 1920
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Storage Space
  • Tile Floors
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Tub/Shower
  • Yard
  • Basement

Site Amenities

  • 24 Hour Access
  • Fenced Lot
  • Recycling
  • Storage Space
  • Public Transportation
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 1 - -
1+1 6 - -
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00433-0054
Land Assessment
$7,511 CAD
Improvements Assessment
$1,603,012 CAD
Total Assessment
$1,610,523 CAD

zoning

Zoning Code M1-2
M1-2
  • Listing ID: 33826798

  • Date on Market: 2024-11-11

  • Last Updated:

  • Address: 565 Union St, Brooklyn, NY 11215

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