Renovated Five-Unit Apartment
520 Union Avenue, Brooklyn, NY 11211
For Sale
Contact for pricing
Apartments include in-unit laundry and split-system heating and cooling, with a private backyard serving the duplex.
Property Size5,300 SF
Price / SF$896.23
Days on Market16
Property Features for 520 Union Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
in-unit washer/dryer
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
Avison Young - New York
Listed By:
Brandon Polakoff · License NY #10401256379
(609) 610-1771
Source:
Crexi
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 12 at 6:20AM
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 Avison Young - New York
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Investment Insights
Based on property information with market context.
This three-story walk-up contains approximately 5,300 square feet and five free-market apartments. The layout includes a 5-bedroom, 3-bathroom duplex with a private backyard, alongside four 2-bedroom, 1-bathroom units. A full interior renovation was completed in 2023, with custom Italian cabinetry, oak floors, quartz counters, paneled appliances, and Carrara marble-inspired bathrooms. Each apartment has a washer and dryer and split-system heating and cooling. The building is all-electric, with separate water heaters; work also included a replacement roof, waterproofing, and brick repointing.
At the northeast corner of Union Avenue and Jackson Street in Williamsburg, the property is steps from McCarren Park and within walking distance of the Metropolitan Avenue-Lorimer Street subway station, served by the G and L trains. Nearby dining and nightlife include Lilia, and the building has visibility along the BQE.
At the northeast corner of Union Avenue and Jackson Street in Williamsburg, the property is steps from McCarren Park and within walking distance of the Metropolitan Avenue-Lorimer Street subway station, served by the G and L trains. Nearby dining and nightlife include Lilia, and the building has visibility along the BQE.
Key Highlights
- Full gut renovation completed in 2023
- Five apartments: one 5BD/3BA duplex and four 2BD/1BA units
- Approximately 5,300 square feet in a three‑story walk‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,803
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,060
$3.2M
Cap Rate 7%
$2,311,471
$2.3M
Cap Rate 9%
$1,797,811
$1.8M
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$300.2K $56.64/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$294.2K $55.51/SF
− OpEx
−$132.4K −$24.98/SF
NOI
$161.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,060
Cap Rate 7%
$2,311,471
Cap Rate 9%
$1,797,811
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.70M
NOI $161,803 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,188 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,231
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
$1,118,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments include in-unit laundry and split-system heating and cooling, with a private backyard serving the duplex.
Where is this apartment building located?
The property is located at 520 Union Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Full gut renovation completed in 2023; Five apartments: one 5BD/3BA duplex and four 2BD/1BA units; Approximately 5,300 square feet in a three‑story walk‑up
