REO: Prime Brooklyn Free Market Buildings

Description:

Ri Marketplace Online Auction September 8th - 10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2691/reo-prime-brooklyn-free-market-buildings?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2691

Ariel Property Advisors in conjunction with RI Marketplace present a rare opportunity to acquire two contiguous, fully free market walk-up buildings located at 358–360 Atlantic Avenue in the heart of Brooklyn, NY. Together, the properties total 6,768 square feet of gross area and comprise seven residential units and three retail spaces. 358 Atlantic Avenue includes one retail unit and three residential apartments, while 360 Atlantic Avenue features two retail units and four residential apartments. The buildings are projected to be 100% occupied at closing (presently 100% retail occupancy and 71.4% residential occupancy), generating strong in-place cash flow with significant upside potential in one of Brooklyn’s most rapidly growing corridors.

With 50 feet of prime retail frontage along Atlantic Avenue, the properties benefit from exceptional visibility and exposure to over 10,000 pedestrians daily. The corridor is home to a mix of national and local retailers, enhancing the long-term value of the retail component. Located less than half a mile from Atlantic Terminal and Barclays Center, and easily accessible via multiple subway stations including Hoyt-Schermerhorn Street, Nevins Street, and Dekalb Avenue, the buildings offer unmatched connectivity for tenants and customers alike.

The assets fall under protected Tax Class 2A, which limits annual property tax increases and supports long-term investment stability. Positioned in a high-demand area with ongoing development and rising rental rates, this portfolio offers a compelling blend of immediate income and future growth potential.


Ralph Passono, Jr.
c/o Fisher Auction Company Inc.
License: 1
NY Broker No.:10311203946

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