Contacts
Matt Cosentino
TerraCRG
Remi Norris
TerraCRG
Daniel Chung
TerraCRG
Michael Hernandez
TerraCRG
Property Details
- Property Type Multi-Family
- Property Size 6,160 SF
- Units 8
- Lot Size 2,660 SF
- Zoning M1-2
- Additional Rent Contact for pricing
- # of Floors 4
- Property Tenancy Multi-Tenant
- Year Built 1931
- Date Updated May 28, 2024
TerraCRG has been retained to exclusively represent ownership in the sale of 629 Union Street, an 8-unit multifamily building located on the border of Park Slope & the rapidly growing neighborhood of Gowanus.
The four story, 6,160 SF building has 1 free-market unit, 7 rent-stabilized units (of which 3 are high-paying w/ free market level rents) and a billboard advertisement and has a gross annual rent roll of $181,212. The property benefits from being in a protected tax-class and has a DRIE/SCRIE credit bringing its net annual tax bill to $3,076.In addition to having a new boiler and roof, the brickwork was recently entirely repointed.
The building is surrounded by several sizeable development projects that are in the pipeline, under construction and recently completed. 629 Union is just one block from the R train at the Union Street/4thAvenuesubway stop. The 2, 3, 4, 5, B, D, N, Q, R, Wand LIRR Trains are about a half mile from the property at Atlantic Terminal.
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Highlights
- 6,160 SF
- 1 Free Market Unit
- 7 Rent-Stabilized Units of which 3 are High Paying w/Free Market Level Rents
- Spotless DHCR Paperwork & Very Well Maintained
- New Roof & Boiler/Recently Pointed
Getting around
-
99/100
Walk Score ®
-
100/100
Transit Score ®
-
94/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Gowanus
- Zip Code 11215
- Market Brooklyn
Points of Interest
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Arecibo
0.24 miles
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9th Street
0.55 miles
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Castle
0.57 miles
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4th Ave - 9th Street (R) to Bay Ridge
0.58 miles
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4th Ave - 9th Street (R) to Queens
0.58 miles
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4th Avenue
0.62 miles
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Hoyt–Schermerhorn Streets
0.72 miles
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7th Ave. Car Service
0.75 miles
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Fulton Street
0.78 miles
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7th Avenue (F,G)
0.89 miles
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Shell
0.37 miles
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Tesla Supercharger
0.64 miles
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plugNYC
0.67 miles
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Mobil
0.85 miles
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BP
0.86 miles
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Sunoco
0.90 miles
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Gulf
1.02 miles
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Mobil
1.13 miles
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Sunoco
1.18 miles
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Sunoco
1.20 miles
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Garfield Garage
0.51 miles
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Rapid Park
0.76 miles
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Edison ParkFast
0.77 miles
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The Parking Club
0.91 miles
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Car Park Systems
0.93 miles
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Ultra Car Park Systems
0.93 miles
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Edison ParkFast
0.95 miles
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Underhill Garage
0.97 miles
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Cielo Garage
1.01 miles
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The Brooklyn Museum and Botanic Garden
1.17 miles
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Holiday Inn Express Brooklyn
0.01 miles
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Towneplace Suites
0.05 miles
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Union Hotel
0.10 miles
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Fairfield Inn
0.17 miles
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The Baltic Hotel
0.32 miles
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Hotel le Bleu
0.37 miles
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Holiday Inn Brooklyn Downtown
0.65 miles
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Even Hotel Brooklyn, an IHG Hotel
0.67 miles
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Nu Hotel
0.78 miles
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La Quinta
0.80 miles
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Green Ivy
0.10 miles
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Associated Supermarket
0.22 miles
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Whole Foods Market
0.32 miles
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C-Town
0.33 miles
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Union Market
0.38 miles
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Park Slope Food Coop
0.45 miles
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Key Food
0.52 miles
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7th Avenue Gourmet
0.53 miles
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Foodtown
0.57 miles
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Target
0.59 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.