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Active - Mixed Use for sale
1240 Union Street # 16, Prospect Lefferts Gardens, NY 11225
Facts & features
Why you’ll love it
Welcome to 1240 Union Street, a charming 16-unit apartment building in the heart of vibrant Prospect Lefferts Gardens, Brooklyn. Located in a Qualified Opportunity Zone # 31,900 making it perfect for the Exchange buyer. This Building has several attractive features with large apartments and an average unit size of 1,000 sf, this building is a must-see for any discerning real estate investor. The building boasts four stories of walk-up apartments, totaling 15,968 sf of living space. Each unit is thoughtfully designed for comfort and convenience in mind, featuring modern amenities that are sure to appeal to a variety of tenants. The building is currently 100% occupied, a testament to its desirability and value. Located near numerous local shops and restaurants, 1240 Union Street is ideally situated for easy access to all that Brooklyn has to offer, for eg: Prospect Park, Brooklyn Botanical Gardens and Brooklyn Museum are minutes away. Residents can take advantage of the area's endless restaurants, cafes, and cultural attractions, or hop on the nearby subway for a quick commute to Manhattan or other parts of the city. Nostrand Ave Subway Station half a block away has 2,3 & 4 train and President Street Subway also half a block away has 2 & 5 lines. B44 & B 49 are also nearby. With low rents, there is plenty of upside and an attractive cap rate going in. Don't miss your chance to own a piece of one of Brooklyn's hottest neighborhoods - schedule a viewing of 1240 Union Street today!
Listed by: Angelina Thomas • angee@prideishome.com • Keller Williams Realty Greater
Co-listed by: Ambreen Faruqi • amber.faruqi@kw.com • Keller Williams Realty Greater
Come see by yourself
Affordability
$22,544/mo
- Mortgage$17,698
- Property tax$4,846
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
Discover the neighborhood
Travel times
About Prospect Lefferts Gardens
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
