Residential Income Property with
For Sale
$1,150,000
920 Union Street 1A, Brooklyn, NY 11215
Tri-level layout combines a large studio plan, 1.5 baths, adaptable bonus space, and custom storage.
Property Size1,200 SF
Price / SF$958.33
Days on Market46
Property Features for 920 Union Street 1A
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Apartment
Units
Unit Mix
1 x large studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
in-unit washer and dryer
hardwood floors
custom built-in bookshelves
walk-in closet
stainless steel appliances
dishwasher
vented range hood
powder room
storage
bike storage
Building Details
Building Size
1,200 SF
Year Built
1904
Construction
Art Nouveau
Listing Agency:
Compass
Listed By:
Carol Kai-Ju Wang · License #10401300282
(347) 422-7652
Source:
Howardhannanyc
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 24 at 10:05PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot tri-level loft offers a flexible residential layout organized around a large studio space, with the ability to accommodate two bedrooms or a bedroom and two-person home office. The split-level living area features soaring ceilings, hardwood floors, custom built-ins, and sound-proof double-paned windows. A sleeping loft includes Shoji screens, a walk-in closet, and a full en-suite bath. The kitchen has stainless steel appliances, a dishwasher, a vented range hood, and generous counter space, with a powder room nearby. The lower level adds an adaptable bonus room with sliding screens, while pull-out storage is built beneath the staircase. An in-unit washer and dryer are also included.
The residence is within an Art Nouveau building constructed in 1904 near Grand Army Plaza. Views extend toward the Brooklyn Public Library, and Prospect Park, subway lines 2, 3, B, and Q, a Citi Bike station, and the Saturday Grand Army Plaza Greenmarket are within immediate reach. Dedicated storage and bike storage are available, and the building permits dogs and cats.
The residence is within an Art Nouveau building constructed in 1904 near Grand Army Plaza. Views extend toward the Brooklyn Public Library, and Prospect Park, subway lines 2, 3, B, and Q, a Citi Bike station, and the Saturday Grand Army Plaza Greenmarket are within immediate reach. Dedicated storage and bike storage are available, and the building permits dogs and cats.
Key Highlights
- Approximately 1,200‑square‑foot tri‑level loft with a flexible studio‑based floor plan
- Large living area with soaring ceilings, hardwood floors, and custom built‑in bookshelves
- Sleeping loft includes Shoji screens, walk‑in closet, and full en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,635
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,700
$732.7K
Cap Rate 7%
$523,357
$523.4K
Cap Rate 9%
$407,056
$407.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$68.0K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.6K $55.51/SF
− OpEx
−$30.0K −$24.98/SF
NOI
$36.6K $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%
$732,700
Cap Rate 7%
$523,357
Cap Rate 9%
$407,056
Alternative Uses
Best Use
Apartment 5plus
$523.4K
$457.9K – $610.6K
NOI $36,635 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,890
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Tri-level layout combines a large studio plan, 1.5 baths, adaptable bonus space, and custom storage.
Where is this residential income property located?
The property is located at 920 Union Street 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 1,200‑square‑foot tri‑level loft with a flexible studio‑based floor plan; Large living area with soaring ceilings, hardwood floors, and custom built‑in bookshelves; Sleeping loft includes Shoji screens, walk‑in closet, and full en‑suite bathroom
