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Prime Corner Mixed-Use Building in Boerum Hill

$8,000,000

292-294 Atlantic Avenue, Brooklyn, NY 11201

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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