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378-382 Union Ave
Brooklyn, NY 11211 Williamsburg

$4,200,000 USD

Apartments Condo For Sale  •  4,156 SF

Property Details

  • Property Type Apartments
  • Total Building Size 37,030 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 5.76 %
  • 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 $4,200,000 USD
  • Unit Size: 4,156 SF
  • Condo Use: Retail
  • Price: $4,200,000 USD
  • Sale Type: Investment
  • Price/SF: $1,010.59 USD
Description
Retail Condo at 380 Union Avenue, Prime Williamsburg, Brooklyn
Bijou Equities is proud to offer an exclusive retail condo for sale at 380 Union Avenue, located in the heart of Williamsburg, Brooklyn. This 4,156-square-foot ground-floor retail space, currently occupied by Metropolitan Dental Arts, presents an excellent investment opportunity. With a stable tenant in place this asset provides both immediate cash flow and long-term appreciation in one of Brooklyn’s most sought-after locations.

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: $23,961 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: 5.76 %
Total Expenses: $0 USD

Amenities

  • Air Conditioning
  • Balcony
  • Fitness Center
  • Heating
  • Doorman
  • Kitchen
  • Hardwood Floors
  • Tub/Shower
  • Storage Space
  • Elevator

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