929 Atlantic Ave Block 2018 Lot 54 | 929 Atlantic Ave
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929 Atlantic Ave Block 2018 Lot 54 929 Atlantic Ave
19 Unit Apartment Building $11,000,000 ($578,947/Unit) Brooklyn, NY 11238
Investment Highlights
- Prime Stalled Mid-Construction Condo Development Site Available in Clinton Hill
- 8- Story Elevator building
- Condo sellouts approx $1,350/SF
- 75-80% Completed including superstructure, facade and more.
- Seller Financing Available.
Executive Summary
Asset CRG Advisors has been exclusively retained to facilitate the sale of 929 Atlantic Avenue, Brooklyn, NY 11238
Located on the border of Clinton Hill & Prospect Heights this stalled development site has been about 80% complete.
The plans called for 19 residential units. The breakdown of the units is as follows. (16) 1 Bedroom 1 Bath, (3) 2 Bedroom 2 Bath. (8) units have balconies or patios ranging from 55 to 728 sqft.
The property presents investors with an opportunity to complete the building into boutique condo units with sellouts achieving over $1,200 psf.
The site is located three blocks away from the Franklin Avenue subway station serviced by the C & S line.
Lastly, the subject property is less than a mile away from Atlantic Center Mall, Barclays Center, & Atlantic Terminal.
Located on the border of Clinton Hill & Prospect Heights this stalled development site has been about 80% complete.
The plans called for 19 residential units. The breakdown of the units is as follows. (16) 1 Bedroom 1 Bath, (3) 2 Bedroom 2 Bath. (8) units have balconies or patios ranging from 55 to 728 sqft.
The property presents investors with an opportunity to complete the building into boutique condo units with sellouts achieving over $1,200 psf.
The site is located three blocks away from the Franklin Avenue subway station serviced by the C & S line.
Lastly, the subject property is less than a mile away from Atlantic Center Mall, Barclays Center, & Atlantic Terminal.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $11,000,000 | Apartment Style | Mid Rise |
| Price Per Unit | $578,947 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Sale Conditions | REO Sale | Building Size | 17,469 SF |
| No. Units | 19 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $11,000,000 |
| Price Per Unit | $578,947 |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 17,469 SF |
| No. Stories | 8 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 623 - 784 |
| 2+2 | 3 | - | 1,003 - 1,054 |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,027,150 (2024) | |
| Land Assessment | $496,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,530,350 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$496,800 (2024)
Improvements Assessment
$2,530,350 (2024)
Total Assessment
$3,027,150 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
zoning
| Zoning Code | R7A (Commercial district predominantly residential in character) |
| R7A (Commercial district predominantly residential in character) |
-
Sadya Liberow -
Mike Sezan -
Asset CRG Advisors LLC
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929 Atlantic Ave Block 2018 Lot 54 | 929 Atlantic Ave
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