Active
144 Atlantic Avenue BLDG
Brooklyn NY, 11201
$4,200,000
Active
9 Beds
6 Baths
Multi-family
Built in 1910
BOOM!
144 Atlantic Ave is a massive 21' wide mixed-use townhouse at the crossroads of Brooklyn Heights and Cobble Hill. At approximately 4650 SF, this four story townhouse consists of three large free market apartments and one high value retail space. This offering presents a substantial opportunity for an investor.
The retail space is fully built out as a Mexican Lebanese restaurant with high ceilings and bonus cellar storage that contains a walk in fridge and freezer and other additional storage and accessory use spaces. The restaurant is over 1000 SF (approx.) with another 21000+ SF of bonus cellar space. This strip of Atlantic Ave has an abundance of restaurants, boutiques, and grocery stores that draw in high foot traffic. 144 Atlantic Ave is just steps from local neighborhood favorites such as Sahadi's, Trader Joe's, Boutrous and much much more.
Above the retail space is three apartments, each with extra tall ceilings, and original Brooklyn townhouse charm.
The first residential unit is a newly renovated 3 Bed 1 Bath apartment with tons of charm and light and a clever layout The other 2nd floor 3 Bed 1 Bath units provide a value add opportunity for a buyer to renovate and increase the rents. Top floor is completely renovated with a tasteful finish and charm! Each floor is approximately 1175 SF. High income potential. Please inquire for offering memorandum.
Building is fully occupied.
This offering is priced to sell at under $909/SF in an area where townhouses easily go for over $1,400/SF.
Projected 5.8% Cap Rate.
Configuration:
Cellar: Accessory Use Space
1st Floor: Restaurant - Lease expires in 2 years
2nd Floor: 3 BR 1 BA no lease
3rd Floor: 3 BR 1 BA no lease
4th Floor: 3 BR 1 BA no lease
Transportation:
- Borough Hall 2/3 & 4/5 Line - Just 15 minutes into Lower Manhattan
- Court Street Station N/R/W Line - Just 20 minutes into Lower Manhattan
- Bergen St F/G Line - Just 30 minutes into Midtown
New Roof , Electrical and pluming was updated in the last 10 years and all up to code!
this is your opportunity to own a real piece of commercial landmark!
RPLU-33423164160
MLSⓇ ID
September 3, 2024
Listed
September 16, 2024
Updated
Map
144 Atlantic Avenue BLDG
Brooklyn NY, 11201
Interior Features
Total Stories
4
Bedrooms
9
Total Bathrooms
6
Full Bathrooms
5
Half Bathrooms
2
Laundry Description
Building None, Washer Hookup
Fireplace
Yes
Fireplace Description
Decorative
Cooling
No
Heating
No
Exterior/Building Features
Exterior Features
None
Architectual Style
Walk-Up
Other Property Details
HOA Frequency
Monthly
Garage
No
View
Yes
View Description
City
County
Kings
Pool
No
Zoning
R6
Listed by Wassim Fakhereddine with Corcoran Group
Listing Contact: (718) 832-4155
The IDX display contains information sourced from the Real Estate Board of New York as of 9/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available
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Data last updated on 9/16/2024 at 2:48 PM UTC
