Updated 22 days ago
Williamsburg, Brooklyn | Metropolitan Ave & Devoe Street
24 Rooms12 Beds6 Baths6,670 Square FeetMixed Use

$7,500,000
floors / apts4 / 6
Lot Size26'x84'
ZoneR7A
Building TypeLow-Rise
RE Taxes$16,889
Price Per SF
$1,124

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom

Property Description

Introducing 448 Union Avenue, an expansive 6-family corner building with 3 commercial spaces in an unbeatable location in Williamsburg. This is a once in a lifetime opportunity to own a piece of iconic Brooklyn.

448 Union Ave sits on a 26 x 84 ft corner lot, highly visible from both Union and Metropolitan Aves with a combined total of 110 feet of frontage. The building is situated near the entrance to Kellog's Diner, Macri Triangle, Hotel Indigo, Sunac Natural Foods, as well as dozens of eateries and cafes. The Metropolitan Ave-Lorimer St station entrance with both G & L trains is located close to the building, which pre-pandemic boasted ridership of over 5,000,000 annually.

The building is in good condition, with large floor through layouts for each apartment. 1 unit is free market (vacant), with 4 rent stabilized, and 1 rent controlled. The building has an FAR of 4, with 2,536 sqft of unused buildable. Possible uses can be as a 4-level single family, boutique hotel or condo conversion.

The roof is well maintained, and capital improvements include tier 3 electricity, individual electric/gas meters, and gas boiler.

The full offering memorandum is available upon request.

Video Walkthrough

Listing History

Now
04/26/2022
$7,500,000
Initial Price by Alexandra Newman
Corcoran
2022

Building Details

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Lorimer St
0.06 miles
Metropolitan Av
0.07 miles
Bedford Av
0.37 miles
Graham Av
0.39 miles
Hewes St
0.49 miles

Citi Bike

Metropolitan Ave & Meeker Ave
0.05 miles
Devoe St & Lorimer St
0.13 miles
8
39
2

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

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: 77754TH