Mixed-Use
487 Atlantic Avenue
487 Atlantic Ave, Brooklyn, NY 11217
Listing Price: $3,595,000
Investment Overview
487 Atlantic Avenue presents a rare opportunity to acquire a fully freemarket, income-producing mixed-use asset in the heart of Boerum Hill. The property includes two renovated three-bedroom free-market apartments and a ground-floor commercial space leased to Eastville Comedy Club, providing immediate, diversified, and stable cash flow. With average residential rents above $4,500 and a long-term commercial tenant, the building benefits from strong demand across all units.
487 Atlantic Avenue
Investment Highlights
- 487 Atlantic Avenue, built in 1920, spans 3 stories and is comprised of 3 units, approx. 4,324 SF
- 4,174 SF of unused air rights | Flexible R7A / C2-4 Zoning | 6.3% Cap Rate
- With convenient access to the A, C, G, F, R, 2, 3, 4, and 5 trains, residents enjoy effortless connectivity to Downtown Brooklyn, DUMBO, and Manhattan.
Listing Price: $3,595,000
Investment Highlights
- 487 Atlantic Avenue, built in 1920, spans 3 stories and is comprised of 3 units, approx. 4,324 SF
- 4,174 SF of unused air rights | Flexible R7A / C2-4 Zoning | 6.3% Cap Rate
- With convenient access to the A, C, G, F, R, 2, 3, 4, and 5 trains, residents enjoy effortless connectivity to Downtown Brooklyn, DUMBO, and Manhattan.
Investment Overview
487 Atlantic Avenue presents a rare opportunity to acquire a fully freemarket, income-producing mixed-use asset in the heart of Boerum Hill. The property includes two renovated three-bedroom free-market apartments and a ground-floor commercial space leased to Eastville Comedy Club, providing immediate, diversified, and stable cash flow. With average residential rents above $4,500 and a long-term commercial tenant, the building benefits from strong demand across all units.
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