565 Union Street Brooklyn, NY 11215

This vacant 7-unit solid brick building presents an investment opportunity in the Gowanus neighborhood, situated between Park Slope and Carroll Gardens. The building offers potential for a renovation program to maximize the value of each unit. Conversion to a rental or condo building is possible. The surrounding area is undergoing significant development, with new luxury projects transforming the neighborhood. The area is served by restaurants, shops, markets, and public transportation. The building is located 4 blocks from Whole Foods, 0.5 miles from the Carroll St F, G train station, 1 mile from Atlantic-Barclays Center, and 2 blocks from Thomas Greene Playground. The first floor features a 3-bedroom, 1-bath unit with backyard access. The upper floors (2, 3, and 4) contain six 1-bedroom, 1-bath apartments with front and rear layouts. Some units include stainless steel appliances. Additional features include high ceilings, windows in every room, a full unfinished basement (the size of the building), and a private backyard. Each unit is individually metered for heating. The lot size is 25 x 90 ft, and the building size is 25 x 45 ft. The zoning is M1-2, with a FAR of 2 and a MAX FAR of 4. Unused FAR (air rights) amounts to 4,500 SF. Taxes are $11,727.40 per year.