487 Atlantic Avenue 487 Atlantic Ave

3,601 SF 100% Leased Retail Building Brooklyn, NY 11217 $3,700,000 ($1,027/SF)

Investment Highlights

  • 100% Free Market
  • 4,600+ SF of additional air rights
  • Tax Class 1 designation, limiting assessment increases to 6% annually or 20% over five years
  • 23 feet of frontage on one of the best stretches of Brooklyn’s most popular retail corridors
  • The residential units provide a value-add opportunity through light cosmetic upgrades
  • Prime Boerum Hill Location steps from Brooklyn Heights and the Barclays Center

Executive Summary

Avison Young, as the exclusive agent, is pleased to offer for sale 487 Atlantic Avenue (the “Property”), a 3-story mixed-use walk-up building featuring 23’ of frontage on the north side of Atlantic Avenue between Nevins Street and 3rd Avenue in Boerum Hill. The Property spans approximately 3,601± square and consists of two (2) residential units above one (1) ground floor retail space. The retail unit is occupied by Eastville Comedy Club through 2032.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,601 SF
Building Class
C
Year Built
1920
Price
$3,700,000
Price Per SF
$1,027
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
1.65
Lot Size
0.05 AC
Zoning
R7A/C2-4
Frontage
53 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 (94)

Nearby Major Retailers

Bank of America
Club Pilates
The Melting Pot Llc
Foodtown
CKO Kickboxing
Wells Fargo Home Mortgage
Crunch
Whole Foods Market
Key Food
Buffalo Wild Wings

PROPERTY TAXES

  • Listing ID: 34477856

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 487 Atlantic Ave, Brooklyn, NY 11217