322 Union Avenue

Description

Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10' Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger's Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin', Liberty Tax, Meineke Car Care Center, Trader Joe's, McDonald's, IHOP, +++!!! The Building Has 25' Of Frontage On Busy Union Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Gourmet Deli (2,650 Sqft.): $96,000 Ann. Unit 2 (4 Br. Apt.): $78,000 Ann. Unit 3 (4 Br. Apt.): $78,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $6,000 Ann. Water: $0 Ann. Taxes: $3,669.76 Ann. Total Expenses: $9,919.76 Ann. Current Gross Income: $252,000 Ann. Net Operating Income (NOI): $242,080.24 Ann.