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 ...


Property

Website:https://www.nestseekers.com/5580670
Address:
362 Atlantic Avenue
Brooklyn, NY 11217
Cross street:Park Avenue
Type:Townhouse
Era:Post-war
Floors:3
Ownership: Mixed Use
Rooms: 12
Bedrooms: Studio

Financials

Price:$2,900,000
Real estate tax:$30,516

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

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Douglas Elliman Real Estate

362 Atlantic Avenue Brooklyn NY 11217 USA