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    FOR LEASE
    Retail residential properties

    234 Union Ave, Brooklyn, NY 11211

    27,000 SF 0.11 ac lot Built 1930
    Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-5890393
    Property summary
    AI-generated overview

    This exceptional retail or restaurant opportunity is located at 234 Union Ave in the vibrant heart of Brooklyn, New York. The property boasts a total of 3,660 square feet, currently configured as a single suite, with 750 square feet immediately available for lease. Ideal for a variety of uses, this street retail space offers high visibility and excellent foot traffic. The building is situated in Kings County, within two blocks of the J, M, Z, and G train lines, ensuring convenient access for both employees and customers. This prime location provides unparalleled connectivity to the bustling Brooklyn community. The property's address is 234 Union Ave, Brooklyn, NY 11211. The convenient location and ample square footage make this an exceptional investment opportunity for businesses seeking a strong presence in a high-traffic area. The available space is 750 square feet, offering flexibility for various retail or restaurant concepts. The property's zip code is 11211. This is a single-suite building, providing a unique opportunity for a business seeking a dedicated space. The property type is classified as retail and restaurant, reflecting its suitability for a wide range of commercial ventures. The building's total square footage is 3,660 square feet. This property presents a rare chance to establish a thriving business in a dynamic and well-connected Brooklyn neighborhood.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1930
    Total area 27,000 SF
    Lot 0.11 ac (5,000 SF)
    Zoning code R6
    APN 03040-0001
    UPID US63-5890393
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $7.79M
    Owner & transaction history
    234 Union LLC · 12 yrs held
    234 Union LLC
    since 2014
    7 recorded transactions
    2014
    $11.4M
    2011
    $4.3M
    2008
    $2.8M
    2008
    1969
    1969
    1969
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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