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Mixed-Use

176 Atlantic Avenue

176 Atlantic Ave, Brooklyn, NY 11201

Listing Price: $6,500,000

Cap Rate
5.90%
Number of Units
5
Occupancy
100.0%
Price/Unit
$1,300,000
Price/Gross SF
$1,004.33
Gross SF
6,472

Investment Overview

176 Atlantic Avenue is a five-unit mixed-use property on one of Cobble Hill’s most prominent commercial corridors. The asset features three free-market residential units and two fully leased ground-floor retail spaces, generating $487,494 in current gross income. The diversified income stream and prime Atlantic Avenue frontage position the property within one of Brooklyn’s most sought after and consistently trafficked corridors.

Investment Highlights

  • 176 Atlantic Avenue, built in 1931, comprises 5 mixed-use units, spanning 4 stories, approx. 6,472 SF.
  • Tax Class: 2A | Zoning: R6, C2-3, LH-1 | 100% Free Market
  • Subway access is exceptional, with the F and G trains at Bergen Street Station providing direct service to Manhattan in under 15 minutes, and service via the 2, 3, 4, & 5 at Borough Hall Station.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    New York City

  • Michael Salvatico

    Licensed Associate Real Estate Broker

    (718) 475-4358

    Email Michael

    License(s): NY: 10301216098

    New York City

Financing By

Mixed-Use

176 Atlantic Avenue

Listing Price: $6,500,000

Cap Rate
5.90%
Number of Units
5
Occupancy
100.0%
Price/Unit
$1,300,000
Price/Gross SF
$1,004.33
Gross SF
6,472

Investment Highlights

  • 176 Atlantic Avenue, built in 1931, comprises 5 mixed-use units, spanning 4 stories, approx. 6,472 SF.
  • Tax Class: 2A | Zoning: R6, C2-3, LH-1 | 100% Free Market
  • Subway access is exceptional, with the F and G trains at Bergen Street Station providing direct service to Manhattan in under 15 minutes, and service via the 2, 3, 4, & 5 at Borough Hall Station.

Investment Overview

176 Atlantic Avenue is a five-unit mixed-use property on one of Cobble Hill’s most prominent commercial corridors. The asset features three free-market residential units and two fully leased ground-floor retail spaces, generating $487,494 in current gross income. The diversified income stream and prime Atlantic Avenue frontage position the property within one of Brooklyn’s most sought after and consistently trafficked corridors.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    New York City

  • Michael Salvatico

    Licensed Associate Real Estate Broker

    (718) 475-4358

    Email Michael

    License(s): NY: 10301216098

    New York City

Financing By

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