Your email has been sent.
322 Union Ave 5,350 SF 78% Leased Retail Building Brooklyn, NY 11211 $5,468,893 CAD ($1,022.22 CAD/SF) 6.13% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!!
- The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!!
- The Building Has 25’ Of Frontage On Busy Union Avenue!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, ++!!
- Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$348,902
|
$65.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$348,902
|
$65.22
|
| Taxes |
$5,080
|
$0.95
|
| Operating Expenses |
$8,653
|
$1.62
|
| Total Expenses |
$13,733
|
$2.57
|
| Net Operating Income |
$335,168
|
$62.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $348,902 |
| Annual Per SF | $65.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $348,902 |
| Annual Per SF | $65.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,080 |
| Annual Per SF | $0.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,653 |
| Annual Per SF | $1.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,733 |
| Annual Per SF | $2.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,168 |
| Annual Per SF | $62.65 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Turnkey Restaurant Space with Private Garden on Prime Union Ave Exceptional opportunity to lease a fully built-out 1,200 SF retail space in a prime Union Avenue location. Delivered turnkey and ready for immediate operation, this space features a complete restaurant build-out, making it ideal for food and beverage operators looking to hit the ground running. The layout includes multiple private restrooms and a well-designed interior suited for efficient service and guest flow. A rare highlight of the property is the expansive private backyard garden—perfect for outdoor dining, events, or creating a unique customer experience. Situated on one of the area’s most active corridors, this location offers strong visibility, consistent foot traffic, and easy accessibility. Key Features: 1,200 SF retail space Full restaurant build-out (turnkey) Multiple private restrooms Large private backyard garden Prime Union Avenue location with excellent exposure A standout opportunity for restaurateurs seeking a ready-to-go space in a high-demand area.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Restaurant | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Turnkey Restaurant Space with Private Garden on Prime Union Ave Exceptional opportunity to lease a fully built-out 1,200 SF retail space in a prime Union Avenue location. Delivered turnkey and ready for immediate operation, this space features a complete restaurant build-out, making it ideal for food and beverage operators looking to hit the ground running. The layout includes multiple private restrooms and a well-designed interior suited for efficient service and guest flow. A rare highlight of the property is the expansive private backyard garden—perfect for outdoor dining, events, or creating a unique customer experience. Situated on one of the area’s most active corridors, this location offers strong visibility, consistent foot traffic, and easy accessibility. Key Features: 1,200 SF retail space Full restaurant build-out (turnkey) Multiple private restrooms Large private backyard garden Prime Union Avenue location with excellent exposure A standout opportunity for restaurateurs seeking a ready-to-go space in a high-demand area.
Nearby Major Retailers
Property Taxes
| Parcel Number | 02791-0006 | Total Assessment | $304,926 CAD (2026) |
| Land Assessment | $19,393 CAD (2026) | Annual Taxes | $5,080 CAD ($0.95 CAD/SF) |
| Improvements Assessment | $285,533 CAD (2026) | Tax Year | 2024 |
Property Taxes
Presented by
322 Union Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.