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192 Union St, Brooklyn, NY, 11231

9beds
8baths
7,390sqft
$9,750,000
$1,319price/sqft
$56,669/moest. monthly cost
$2,266,760/yrincome needed

About This Home

**2 BUILDING PARCEL + CASH BUSINESS FOR SALE** Own a piece of history - Iconic Italian Bakery | Turnkey Business & Real Estate Opportunity Presenting an exceptionally rare offering in the heart of coveted Carroll Gardens, the sale of 192 and 194 Union Street. This incredible opportunity features two adjacent, turn-of-the-century multi-family buildings built in 1900, poised for a discerning investor or owner-user seeking a significant foothold in one of Brooklyn's most desirable neighborhoods. This combined offering provides an impressive scale and potential for diverse income streams, with 192 Union Street a four-story mixed-use building featuring 3 residential units and a commercial storefront and 194 Union Street a four-story, four-family residential building, currently arranged as 3 apartments and a commercial component. Both buildings boast classic Brooklyn brownstone architecture with touches of original detail that can be restored or enhanced, their 1900 construction year speaking to the enduring quality and character of the neighborhood. Presently, a combined total of seven residential units, this offering provides significant residetial rental income in a consistently strong market, and the diverse unit types offer flexibility for various tenant needs. Step into a century of tradition with the once-in-a-lifetime opportunity to own Mazzola’s Bakery, a beloved Carroll Gardens institution and cornerstone of the neighborhood since 1928. For 100 years, Mazzola’s has proudly served generations of Brooklynites the finest Italian cookies, legendary lard bread, pastries, and artisanal baked goods. This is more than a bakery, it's a living legacy. HISTORY … In 1928, Nicolo Mazzola opened a bakery at the corner of Henry and Union streets in what was then called South Brooklyn. Driven by hunger and the almost feudal poverty and drawn by the lure of jobs along Brooklyn’s developing waterfront Italian immigrants flocked to the neighborhood today known as or re-dubbed Carroll Gardens, after the front gardens palace blocks. In 1846, surveyor Richard Butt planned gardens in front of the brownstone houses in the oldest section of the neighborhood when he developed it.The homes are set farther back from the street than is common in Brooklyn, and the large gardens became an iconic depiction of the neighborhood. The same year, a law was passed requiring that all buildings between Henry Street and Smith Street have 33 feet 5.25 inches between the building and the street for "courtyards" effectively creating the coveted front gardens of Carroll Gardens. In 1853 the City of NY purchased the largest private garden and named it Carroll Park. This historic block of Union Street boasts immediate access to a thriving array of popular restaurants, unique boutiques, cozy cafes, artisanal food shops, and local pizzerias. The F & G subway lines at Carroll Street are just a short 8-minute walk away, providing seamless access to Manhattan and throughout Brooklyn. It is renowned for its culinary scene and local businesses. Don't miss this extraordinary chance to acquire a substantial piece of Carroll Gardens' legacy. Whether you're looking to expand your investment portfolio, create a grand owner's residence with income, or a passionate baker dreaming of your own storefront, 192-194 Union Street offers an unparalleled canvas in one of Brooklyn's most sought-after neighborhoods. Serious inquiries only. Huge value-added potential and long term upside on Brooklyn's most coveted corners. Contact us today for a private showing!! 192 Union Street Capital Improvements 2022: Boiler replaced 2022: Two water meters installed 2022: Built out new retail space 2021: Repointed on all four sides 2001: Electric fully updated throughout 2001: New gas line from street 194 Union Street Capital Improvements 2023: New sewer line to drain the runoff water gutters 2022: All residential electric updated 2022: Boiler replaced 2022: Two water meters instal

Getting Around

96
WalkingWalker's Paradise
0
TransitVery Limited Transit
99
BikeBiker's Paradise

Schools

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 8
  • Full bathrooms: 5
  • 1/2 bathrooms: 3

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 7,390
  • Total interior livable area: 7,390 sqft

Property

Details

  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $49,301$591,612
Home Insurance *$1,597$19,164
Property Taxes $4,550$54,600
Electricity $1,221$14,655
Total$56,669$680,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,942,937/yr
40% on housing$1,700,070/yr
45% on housing$1,511,173/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,319This listing

vs Other Active Listings

Avg $/sqft

ZIP 11231$1,271
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11231$1,605
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-09-04Listed for sale$9,750,000

For Sale by Agent

AgentNicole Galluccio
BrokerageCompass

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