Property Details

Overview

Welcome to 1240 Union Street, a charming 16-unit apartment building in the heart of vibrant Prospect Lefferts Gardens, Brooklyn. Located in a Qualified Opportunity Zone # 31, 900 making it perfect for the Exchange buyer. This Building has several attractive features with large apartments and an average unit size of 1, 000 sf, this building is a must-see for any discerning real estate investor. The building boasts four stories of walk-up apartments, totaling 15, 968 sf of living space. Each unit is thoughtfully designed for comfort and convenience in mind, featuring modern amenities that are sure to appeal to a variety of tenants. The building currently has 1 vacant unit and 15 occupied units, a testament to its desirability and value. Located near numerous local shops and restaurants, 1240 Union Street is ideally situated for easy access to all that Brooklyn has to offer, for eg: Prospect Park, Brooklyn Botanical Gardens and Brooklyn Museum are minutes away. Residents can take advantage of the area’s endless restaurants, cafes, and cultural attractions, or hop on the nearby subway for a quick commute to Manhattan or other parts of the city. Nostrand Ave Subway Station half a block away has 2, 3 & 4 train and President Street Subway also half a block away has 2 & 5 lines. B44 & B 49 are also nearby. With low rents, there is plenty of upside and an attractive cap rate going in. Don’t miss your chance to own a piece of one of Brooklyn’s hottest neighborhoods - schedule a viewing of 1240 Union Street today!