Mixed-Use Corner Development
For Sale
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402 Union Ave, Brooklyn, NY 11211
Shovel-ready corner lot with DOB-approved plans for five residential and one commercial unit with ground-floor retail.
Property Size10,091 SF
Days on Market136
Property Features for 402 Union Ave
General Information
Standard status
Active
Size
10,091 SF
Property subtype
Land
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
The Corcoran Group Brooklyn
Listed By:
Christopher Cavorti The Forray Team · License #NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 1:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Corcoran Group Brooklyn
Investment Insights
Based on property information with market context.
402 Union Avenue is a shovel-ready corner development site with DOB-approved plans for a mixed-use project consisting of five residential units and one commercial unit. The proposed design includes three full-floor residential units, a duplex, and a penthouse duplex, along with a ground-floor flagship two-level retail space. The corner lot configuration provides coverage on every floor and supports three exposures.
The commercial space is described as having high ceilings and offers opportunity for more than 70 linear feet of frontage. The project is located in an Opportunity Zone and the commercial component benefits from an ICAP tax abatement. The DOB-approved gross square footage for the building is listed as 10,091 with an estimated 8,500 saleable square feet.
Access and transit proximity are noted as being on Union Avenue, two blocks from the Metropolitan Ave G and Lorimer Street L train stations, and four blocks from the Brooklyn-Queens Expressway. The surrounding area is described as home to multiple restaurants, cafes, and services.
The commercial space is described as having high ceilings and offers opportunity for more than 70 linear feet of frontage. The project is located in an Opportunity Zone and the commercial component benefits from an ICAP tax abatement. The DOB-approved gross square footage for the building is listed as 10,091 with an estimated 8,500 saleable square feet.
Access and transit proximity are noted as being on Union Avenue, two blocks from the Metropolitan Ave G and Lorimer Street L train stations, and four blocks from the Brooklyn-Queens Expressway. The surrounding area is described as home to multiple restaurants, cafes, and services.
Key Highlights
- Shovel‑ready corner lot at 402 Union Avenue with DOB‑approved plans for 5 residential units and 1 commercial unit plus ground‑floor retail
- Total DOB‑approved gross building size: 10,091 SF, with an estimated 8,500 SF of saleable space
- Retail space on the ground floor features high ceilings and approximately 70 LF of frontage
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Shovel-ready corner lot with DOB-approved plans for five residential and one commercial unit with ground-floor retail.
Where is this commercial land located?
The property is located at 402 Union Ave Brooklyn, NY.
What are key features of this property?
This property features: Shovel‑ready corner lot at 402 Union Avenue with DOB‑approved plans for 5 residential units and 1 commercial unit plus ground‑floor retail; Total DOB‑approved gross building size: 10,091 SF, with an estimated 8,500 SF of saleable space; Retail space on the ground floor features high ceilings and approximately 70 LF of frontage
