2825-2827 Atlantic Ave
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2825-2827 Atlantic Ave
43,924 SF 100% Leased Retail Building Brooklyn, NY 11207 $3,899,000 ($89/SF)
Investment Highlights
- FAR of 7.2 allowing for a maximum buildable of approximately 43,924 square feet (to be verified)
- Delivered Vacant
- Mandatory Inclusionary Housing zone, Transit zone, and Fresh Zone
Executive Summary
The Sereny & Soltero Team of Brick & Mortar are pleased to present 2827 Atlantic Ave in East New York. This MIXED-USE property is considered one (1) individual tax lot and that encompasses 3 addresses including: (i) 2825 and (ii) 2827 Atlantic Ave and (iii) 170-172 Schenck Ave. The property will be delivered completely vacant.
The property's current setup is one (1) building along Atlantic Ave which includes a commercial space on the ground floor with apartments above, another building connected through the back that includes access via 170-172 Schenck Ave.
The property offers a 50 ft x 109 ft lot along Atlantic Ave with 6,275 square feet lot size. The current zoning for the space is R8A, R5B, C2-4, EC-5 and the FAR of 7.2 allowing for a maximum buildable of approximately 43,924 square feet (and potentially more). The property's location on Atlantic Avenue offers it opportunity for many development incentives including the transit zone, fresh zone, and Mandatory Inclusionary Housing zone. (Buyer to verify all information provided)
The property's current setup is one (1) building along Atlantic Ave which includes a commercial space on the ground floor with apartments above, another building connected through the back that includes access via 170-172 Schenck Ave.
The property offers a 50 ft x 109 ft lot along Atlantic Ave with 6,275 square feet lot size. The current zoning for the space is R8A, R5B, C2-4, EC-5 and the FAR of 7.2 allowing for a maximum buildable of approximately 43,924 square feet (and potentially more). The property's location on Atlantic Avenue offers it opportunity for many development incentives including the transit zone, fresh zone, and Mandatory Inclusionary Housing zone. (Buyer to verify all information provided)
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
43,924 SF
Building Class
C
Year Built
1920
Price
$3,899,000
Price Per SF
$89
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
13.89
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
R8A, R5B, C2-4, EC-5 - Zoning districts R8A, R5B, C2-4, EC-5
Residential FAR 7.20
Facility FAR 6.5
FAR as built 0.49
Maximum usable floor area - 43,924
Frontage
66 FT on Atlantic Ave
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Walk Score ®
Very Walkable (87)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03948-0134 | Improvements Assessment | $46,800 |
| Land Assessment | $81,450 | Total Assessment | $128,250 |
PROPERTY TAXES
Parcel Number
03948-0134
Land Assessment
$81,450
Improvements Assessment
$46,800
Total Assessment
$128,250
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Brick & Mortar
2825-2827 Atlantic Ave
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