Bankruptcy Sale: 358 & 360 Atlantic Ave, NY | 358 Atlantic Ave
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Bankruptcy Sale: 358 & 360 Atlantic Ave, NY 358 Atlantic Ave
6,768 SF 100% Leased Retail Building Brooklyn, NY 11217 $5,050,000 ($746/SF)
Executive Summary
• Two contiguous buildings, border of prime Boerum Hill & Downtown Brooklyn
• 7 residential units and 3 retail units, totaling 6,768 SF
• All residential units are FREE MARKET
• 50 feet of frontage on Atlantic Avenue
• 358 Atlantic Avenue: 4 story building consisting of 3 residential units and one retail; 3,520 SQF
• 360 Atlantic Avenue: 3 story building consisting of 4 residential units and 2 retail units; 3,248 SQF
• Prime retail corridor on Atlantic Avenue between Hoyt St. and Bond St.
• Three blocks to downtown Brooklyn’s main retail corridor, Flatbush Avenue: Whole Foods, Apple, Target, Trader Joes
• Located less than 0.5 miles from Atlantic Terminal & Barclays Center
• Short walk to the Hoyt-Schermerhorn Street, Nevins Street or Dekalb Avenue subway stations
• Prime downtown Brooklyn location in the middle of one of the busiest and most vibrant neighborhoods in all of New York
• Substantial upside in rent (FM units are currently below market)
Bid Deadline: Tuesday, December 3rd, 2024 at 5:00 PM
Auction Date: Thursday, December 5th, 2024 at 2:30 PM
Opening Bid: $5,050,000
(Sale Subject to Bankruptcy Court Approval)
• 7 residential units and 3 retail units, totaling 6,768 SF
• All residential units are FREE MARKET
• 50 feet of frontage on Atlantic Avenue
• 358 Atlantic Avenue: 4 story building consisting of 3 residential units and one retail; 3,520 SQF
• 360 Atlantic Avenue: 3 story building consisting of 4 residential units and 2 retail units; 3,248 SQF
• Prime retail corridor on Atlantic Avenue between Hoyt St. and Bond St.
• Three blocks to downtown Brooklyn’s main retail corridor, Flatbush Avenue: Whole Foods, Apple, Target, Trader Joes
• Located less than 0.5 miles from Atlantic Terminal & Barclays Center
• Short walk to the Hoyt-Schermerhorn Street, Nevins Street or Dekalb Avenue subway stations
• Prime downtown Brooklyn location in the middle of one of the busiest and most vibrant neighborhoods in all of New York
• Substantial upside in rent (FM units are currently below market)
Bid Deadline: Tuesday, December 3rd, 2024 at 5:00 PM
Auction Date: Thursday, December 5th, 2024 at 2:30 PM
Opening Bid: $5,050,000
(Sale Subject to Bankruptcy Court Approval)
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,768 SF
Building Class
C
Year Built
1900
Price
$5,050,000
Price Per SF
$746
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
9’
Building FAR
1.00
Lot Size
0.16 AC
Zoning
R6A
Frontage
35 FT on Atlantic Ave
Amenities
- Bus Line
- Metro/Subway
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00183-0012 | Improvements Assessment | $642,600 |
| Land Assessment | $275,400 | Total Assessment | $918,000 |
PROPERTY TAXES
Parcel Number
00183-0012
Land Assessment
$275,400
Improvements Assessment
$642,600
Total Assessment
$918,000
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Bankruptcy Sale: 358 & 360 Atlantic Ave, NY | 358 Atlantic Ave
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