Prime Corner Mixed-Use Building in Boerum Hill
$8,000,000
292-294 Atlantic Avenue, Brooklyn, NY 11201
For Sale
Mixed Use
Active
Last Updated: 02/13/2025
5.66
Cap Rate
452,942
NOI
Details:
Cap Rate: 5.66%
NOI: $452,942
Building Size: 7,500 sqft
Lot Area: 3,200 sqft
Units: 9
Zoning: R6A / C2-4 / DB
Floors: 4
Highlights:
- The subject property is a 7,500 square foot, four (4) story walk-up that features 120’ of prime retail frontage
- The building’s nine (9) units consist of one office space, three (3) retail units, and five (5) free market apartments - 100% Occupied.
- R6A/C2-4/DB zoning provides 2,100 square feet of air rights, as-of-right.
- Protected Tax Class 2B - limits property tax increases year over year.
- A bustling corridor home to local and national tenants with foot traffic of 10,000+ pedestrians daily - one of Brooklyn’s most heavily trafficked corners
- With strong in-place cash flow and significant upside in a rapidly growing area, 292-294 Atlantic Avenue represents an outstanding opportunity for investors and owner-users.
- Easily accessible via the F/G trains at the Bergen Street, the A/C/F trains at Jay Street, and the 2/3/4/5 trains at Borough Hall
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