Property profile

234 Union Ave Brooklyn, NY 11211

FOR LEASE
Retail residential properties
Property ID
US63-5890393
27,000 SF 0.11 ac lot Built 1930
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

234 Union Ave Brooklyn, NY 11211
Brooklyn metro Census 51100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2014
7 recorded transactions
2014
$11.4M
2011
$4.3M
2008
$2.8M
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R6 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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