234 Atlantic Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11201
$3,100,000 USD
212-776-4367
234 Atlantic Ave, Brooklyn, NY for Sale
$3,100,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 5.6% Cap Rate

234 Atlantic Ave
Brooklyn, NY 11201


HIGHLIGHTS

  • Located on the south side of Atlantic Avenue between Court Street and Boerum Place 278-32

OVERVIEW

Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 234 Atlantic Avenue, Brooklyn, NY. The 4-story building is currently configured as 2 residential units and 1 ground level retail unit. Continuous ownership for 86 years this mixed-use building has been maintained and updated to deliver consistent retail and residential rental income. Delivered vacant, the building has strong potential for owner-user or as investment providing potential upside from an additional 3rd apartment or updating the basement to service the Retail as accessory use. Located on the active retail corridor between Court Street and Boerum Place. the center of Brooklyn's most vibrant neighborhoods: Cobble Hill - Boerum Hill - Brooklyn Heights - Downtown Brooklyn. Nearby neighbors include: 5 Below, Michael’s, Trader Joe’s; Starbucks, Sephora, Soul Cycle, Shelsky’s, Walgreens. Transportation is within a 3 min walk to Borough Hall/ Court Street Train Station: 2/3/4/5/R Trains. Please contact broker to discuss details.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$1,367 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

855 SF

ZONING

R6A, C2-4, DB

APN/PARCEL ID

00278-0032

ASK ABOUT THIS PROPERTY

Louis PuopoloDouglas Elliman Commercial Real EstateMore Info
212-776-4367

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Louis PuopoloDouglas Elliman Commercial Real EstateMore Info
212-776-4367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.