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Type:
Multifamily
Sq Ft:
5,300
Units:
Property Description
Investment Property Realty Group (IPRG) is proud to exclusively present 520 Union Avenue, a premier investment opportunity located at the intersection of Union Avenue and Jackson Street. This meticulously renovated building has undergone a complete gut renovation, featuring high-end, condo-quality finishes throughout. Each unit is equipped with modern conveniences, including in-unit washer/dryer, dishwasher, split unit systems, and flat screen TVs.
The property comprises five distinct apartments: a spacious five-bedroom duplex on the first floor with exclusive access to a private backyard, and four well-appointed two-bedroom units on the second and third floors.
The property is located within walking distance to the G & L subway lines.
HIGHLIGHTS:
- Five apartments, exempt from rent regulation
- Attractive 5.5% cap rate
- Tax Class Protected- Low expense ratio with an annual tax bill of just $18,720
- Three blocks south of McCarren Park
- Within a couple of blocks from establishments such as Lillia, Talea Beer Company, Nami Nori, Bernie’s, and The William Vale
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Block & Lot:
02741-0001
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Neighborhood:
Williamsburg
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Cross Streets:
Corner of Union Ave & Jackson St
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Building Dimensions:
25 ft x 60 ft
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Lot Dimensions:
25 ft x 66 ft
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Units:
5
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Total Approx. SF:
5,300
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Zoning:
M1-2/R6A
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FAR:
3.0
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Tax Class:
2A
