Mixed-Use Building on Franklin Avenue

1045 Union Street

Crown Heights

$21,000,000

Total Building SF 34,910 SF
Cross Streets Classon Avenue / Franklin Avenue
Units 32 + 3 Retail Spaces
Stories 5 Stories
Subways
s
2
3
4
5
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Mixed-Use 1045 Union Street , Crown Heights
Matthew Cosentino
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Details

Building Size 62 ft x 115 ft
Block Lot 1185-46
Lot SF 7,750 SF
Zoning R6A, C1-3

Overview

TerraCRG has been retained to exclusively market the sale of 1045 Union Street – a mixed-use building located in Crown Heights, between Classon Avenue and Franklin Avenue.

The five-story building is ~ 35K SF and includes 32 residential units and three ground floor retail units. There are 22 large, gut-renovated units that range from one- to four-bedrooms. The property is generating $1,166,416 in gross annual income and an NOI of ~$846,000.

Attractions

Just off of Eastern Parkway, 1045 Union Street is in the heart of Crown Heights and near some of Brooklyn’s most prized cultural centers. Its prime location is one block from the Franklin Avenue 2, 3, 4, 5, and S train, one block away from Prospect Park and the Brooklyn Museum, and two blocks from the Brooklyn Botanical Gardens. It is also a short distance from 1000 Dean, one of the most sought-after office spaces for creatives in Brooklyn with its own beer and food hall in Berg’n, and several other neighborhood amenities.

Prospect Park
Brooklyn Museum
Brooklyn Botanical Gardens
Butter and Scotch (a tenant in the building)
Gladys
Union Street Pub
Franklin Park
Domo Taco
The Crown Inn
and The Pulp & The Bean

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