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565 Union St Brooklyn, NY 11215

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For Sale
$3,600,000

Seven-unit brick building in a desirable, developing Brooklyn neighborhood.

Property Features for 565 Union St

General Information

Standard status
Active

Building Details

Year built
1920

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Listing Contact
Magdalena Sliwa
Source: Exitrealty

Listing Agency: Capri Jet Realty Corp Listing Agent: Magdalena Sliwa

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Vacant Brick Building in Gowanus

This vacant seven-unit brick building presents an investment opportunity in the Gowanus neighborhood, situated between Park Slope and Carroll Gardens. The building's vacant status allows for a renovation program to maximize the value of each unit. The property can be converted to a rental or condominium building. The surrounding area is undergoing development, with new luxury projects transforming the neighborhood. The location offers access to restaurants, shops, markets, and public transportation. The building is located four blocks from Whole Foods, 0.5 miles from the Carroll Street F, G train station, 1 mile from Atlantic-Barclays Center, and two blocks from Thomas Greene Playground. The first floor features a three-bedroom, one-bath unit with backyard access. The upper floors (2nd, 3rd, and 4th) contain six one-bedroom, one-bath apartments with front and rear layouts. The units feature high ceilings and windows in every room, with stainless steel appliances in some units. The building includes a full unfinished basement and a private backyard. Each unit is individually metered for heating. The lot size is 25 x 90 feet, and the building size is 25 x 45 feet. The zoning is M1-2 with a FAR of 2 and a MAX FAR of 4, offering 4,500 square feet of unused FAR. Taxes are $11,727.40 per year.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Brooklyn
County
Kings
State
New York
Longitude
-73.98657
Latitude
40.679022

FAQs

What type of property is this?
Apartment building - Seven-unit brick building in a desirable, developing Brooklyn neighborhood.
Where is this apartment building located?
The property is located at 565 Union St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: - Fully vacant 7-unit brick building in a highly desirable Gowanus location.; - Exceptional investment opportunity with potential for substantial renovation.; - Conversion potential to rental or condo building.
More about this property
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