$1,500,000
Updated 12 years ago
Off Market

1148 Union Street

Crown Heights, Brooklyn | Bedford Ave & Rogers Ave

Mixed Use

$1,500,000
floors / apts4 / 7
Lot Size27' wide
Building TypeLow-Rise

Building Amenities

  • Voice Intercom

Property Description for 1148 Union Street

Incredible Development Or Investment Opportunity! This Rare Corner Building Is Just Waiting For You To Purchase As Either A Long-term Investment Property Or A Condo Development Site. Currently Built To Almost 10,000 Sq. Ft, This 6-unit Building With A Huge Storefront, Steps From The Brooklyn Museum, Prospect Park, Andever-growing Eastern Parkway, Will Be Delivered Vacant, And Is A Unique Opportunity For An Investor To De-stabilize Or Develop Into Condos. Currently Configuredas 6 Large 3-bedroom Apartments, With Capital Improvements This Building Wouldyield Approx. $1800/month For Each Apartment And $3000/month For The Store. Monthly Rent Roll Of $13,800 And An Annual Rent Roll Of $165,600. This Could Also Bedeveloped Into A Great One And Two Bedroom Unit Condo Project With A Sellout Ofapprox. $500/per Sq. Ft. Serious Seller, Bring All Offers.

Listing History for 1148 Union Street

Now
04/08/2008
POM by Deborah L. Rieders
Corcoran
2008

Building Details for 1148 Union Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AccessWalk-up
Floors/Apts4/7
Learn More About the Building

Transit and Citi Bike

Subway

President St-Medgar Evers College
0.18 miles
Nostrand Av
0.18 miles
Franklin Av-Medgar Evers College
0.26 miles
Botanic Garden
0.3 miles
Park Pl
0.45 miles

Citi Bike

Union St & Bedford Ave
0.09 miles
President St & Nostrand Ave
0.18 miles

Contact Agent

Contact Agent

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 24640TH