362 Atlantic Avenue
Brooklyn, NY 11217
Cross street:Park Avenue

Building

Type:Townhouse
Era:Post-war
Floors:3

Property

Ownership: Mixed Use
Rooms: 12
Bedrooms: Studio

Financials

Price:$2,900,000
Real estate tax:$30,516
Listing Courtesy of Douglas Elliman Real Estate

362 Atlantic Avenue is a well located mixed use property positioned on a prime stretch of Atlantic Avenue in the heart of Boerum Hill, one of Brooklyn's most active and ...

Description

362 Atlantic Avenue is a well-located mixed-use property positioned on a prime stretch of Atlantic Avenue in the heart of Boerum Hill, one of Brooklyn's most active and desirable commercial corridors. Surrounded by a strong mix of established retail, dining, and neighborhood amenities, the asset benefits from excellent visibility, consistent foot traffic, and immediate access to Downtown Brooklyn, Brooklyn Heights, Cobble Hill, and multiple transportation lines.

The three-story building spans approximately 3,020 square feet across four floor-through residential apartments over two ground-floor retail spaces and sits on a 25' x 80' lot, with roughly 6,000 buildable square feet offering meaningful expansion or redevelopment potential. The current rent roll totals approximately $182,220 per year with proposed upside to $258,000 per year, reflecting both in-place stability and clear value-add potential.

362 Atlantic Avenue presents a rare opportunity to acquire a mixed-use asset with free market residential units, a highly desirable retail space, and long-term development potential in one of Brooklyn's most established and high-performing neighborhoods. Please inquire for a detailed set-up.

Amenities

  • Air Conditioning
  • Voice Intercom

Neighborhood

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RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.