Free-Market Mixed-Use Building in Williamsburg

252 Union Avenue

Williamsburg

Residential Units 3
Commercial Units 1
Size 3,130 SF
Cross Streets Meserole St / Scholes St
Subways
g
j
m
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Mixed-Use 252 Union Avenue, Williamsburg
Matthew Cosentino
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Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 252 Union Avenue, a free-market mixed-use property in the Williamsburg neighborhood of Brooklyn.
Located between Scholes Street and Meserole Street, 252 Union Avenue is ~3,130 SF and consists of three residential units and one commercial unit. Two of the residential units are 3-bedrooms and one of the residential units is a 2-story 3-bedroom house in the back of the property. The retail tenant is a high-end appointment-only barber shop, that has a strong following in the area and has 2 locations. The property has an annual income of $164,151 and an NOI of ~$145,462.

Attractions

The building is located within a prime section of Williamsburg, just three blocks from the G train at Broadway and five blocks from the J, M train at Hewes St. It’s also nearby the Williamsburg bridge providing a short commute to Manhattan. It is also within a short distance of Sternberg Park.
Retail in this location has exploded bringing some of the best restaurants, bars, cafes and clothing stores opening in the immediate vicinity. Nearby retailers include Blink Fitness, Mountain Province, The Flats BKspeed Coffee, Bar Velo, Trophy Bar, and Walgreens to name a few.

Blink Fitness
Mountain Province
The Flats BKspeed Coffee
Bar Velo
Trophy Bar
and Walgreens

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