Atlantic Avenue, Brooklyn, NY 11201

1 Photo
Front of Building
$3,300,000 List Price
Off Market
 
Listing ID 11086321
Property Type Commercial Building
County Kings
Township Kings
Neighborhood Boerum Hill
Total Tax $12,540
FEMA Flood Map fema.gov/portal
Year Built 1910
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PRIME LOCATION Development Opportunity in Boerum Hill, Brooklyn

R7A zoning with C2-4 overlay. First time on the market in decades. Great opportunity for future commercial and residential rent income. Current building is 22.5ft x 80ft with a 20ft x 20ft office space on the second floor with a garage/woodworking shop below. Present tenant has no lease and pays $2400 a month, which is below market rent for this area. Property sold "As Is". Walking distance to subway at Borough Hall, Jay Street, Hoyt/Schermerhorn, and Smith Street. Legal curb cut. Bus stop in front of property. Owner motivated to sell.
Property Details
  • 1800 SF Lot
  • Built in 1910
  • 2 Stories
Exterior Features
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $27,600
  • Insurance Exp $7,311
  • Water Exp $456
  • Paid by Landlord: Water, Insurance
Taxes and Fees
  • $12,540 Total Tax
Previously Listed By
John Castaldo
F JULIANO REAL ESTATE
Office: 718-266-4400
Fran Castaldo
F JULIANO REAL ESTATE
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