929 Atlantic Ave - Apartments FOR SALE


Brooklyn, NY 11238
$11,000,000 USD
646-363-6175
929 Atlantic Ave, Brooklyn, NY for Sale
$11,000,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

929 Atlantic Ave
Brooklyn, NY 11238


HIGHLIGHTS

  • Prime Stalled Mid-Construction Condo Development Site Available in Clinton Hill
  • 75-80% Completed including superstructure, facade and more.
  • 8- Story Elevator building
  • Seller Financing Available.
  • Condo sellouts approx $1,350/SF

OVERVIEW

Asset CRG Advisors has been exclusively retained to facilitate the sale of 929 Atlantic Avenue, Brooklyn, NY 11238 Located on the border of Clinton Hill & Prospect Heights this stalled development site has been about 80% complete. The plans called for 19 residential units. The breakdown of the units is as follows. (16) 1 Bedroom 1 Bath, (3) 2 Bedroom 2 Bath. (8) units have balconies or patios ranging from 55 to 728 sqft. The property presents investors with an opportunity to complete the building into boutique condo units with sellouts achieving over $1,200 psf. The site is located three blocks away from the Franklin Avenue subway station serviced by the C & S line. Lastly, the subject property is less than a mile away from Atlantic Center Mall, Barclays Center, & Atlantic Terminal.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$630 USD /SF

# OF UNITS

19

PRICE/UNIT

$578,947

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

929 Atlantic Ave Block 2018 Lot 54

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R7A

APN/PARCEL ID

02018-0054

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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