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378-382 Union Ave
Brooklyn, NY 11211 Williamsburg

$3,800,000 USD

Apartments Condo For Sale  •  4,156 SF

Property Details

  • Property Type Apartments
  • Total Building Size 37,030 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 6.58 %
  • Zoning R6
100 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101 Retail 4,156 SF $3,800,000 USD
  • Unit Size: 4,156 SF
  • Condo Use: Retail
  • Price: $3,800,000 USD
  • Sale Type: Investment
  • Price/SF: $914.34 USD
Description
FULLY LEASED, LONG TERM, TRIPLE NET, CREDIT TENANT RETAIL CONDO IN PRIME WILLIAMSBURG. 

380 Union Avenue- corner of Powers Street and Union, is a Single Tenant Retail Condo Occupied by MB2 DENTAL. With 7 years left and another 5-year Option, we are asking an existing 6.5% CAP with Increases. Call Fred Bijou for more information- Fred@bijouequities.com

Sale Notes
Key Highlights:
Address: 380 Union Avenue, Williamsburg, Brooklyn
Location: Prime corner location at bustling Union Ave and tree-lined Powers Street,
Square Footage: 4,156 SF of prime retail space in a luxury condo building.
Tenant: Metropolitan Dental Arts, a well-established dental practice with seven years remaining on their lease (expires in 2031) and one five-year renewal option.
Current Rent: $24,560 per month, approximately $69 per square foot.
Connectivity: Close to L, G, and J/M/Z trains, offering quick access to downtown Manhattan.

Highlights

Long Term Lease
Corner Building in Prime Williamsburg
6% Cap Rate with Increases

Financial Summary

Cap Rate: 6.58 %
Total Expenses: $0 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Fitness Center
  • Tenant Controlled HVAC
  • Heating
  • Doorman
  • Kitchen
  • Hardwood Floors
  • Tub/Shower
  • Storage Space
  • Elevator
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 8 min - 2.7 mi
Long Island City Station (Hempstead Branch - Long Island Rail Road) 9 min - 3.0 mi
Transit/SubwayDriveWalkDistance
Metropolitan Avenue (G - New York MTA Subway (The Subway)) 0 min 1 min 0.1 mi
Lorimer Street (L Line) (L - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
Hewes Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Graham Avenue (L - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Marcy Avenue (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 15 min - 7.0 mi
John F Kennedy International 24 min - 12.9 mi
Newark Liberty International 26 min - 14.8 mi
Fred Bijou 917-626-8413 Bijou Equities
Fred Bijou 917-626-8413 Bijou Equities