Multifamily
452 Atlantic Avenue
452 Atlantic Avenue, Brooklyn, NY 11217
Listing Price: $3,850,000
Investment Overview
Marcus & Millichap is pleased to offer 452 Atlantic Avenue, an opportunity to acquire a predominantly free-market, income-producing multifamily asset in the heart of brownstone Brooklyn, on the doorstep of Downtown Brooklyn and the Atlantic Terminal transit hub. The building’s eight units comprise a well-balanced mix of one studio, four two-bedrooms, and three one-bedrooms, anchored by five free-market apartments that generate roughly 80% of in-place rental income. Free-market rents average approximately $4,070 per month, led by a standout duplex two-bedroom with a large private backyard and convertible
third bedroom. The three rent-stabilized one-bedrooms round out the rent roll with a stable, below-market income base and modest, predictable annual increases.
452 Atlantic Avenue
Investment Highlights
- 452 Atlantic Avenue is a four-story, 6,000-square-foot multifamily building, approx. 6,000 SF.
- Zoning: R6A | Tax Class: 2B | 1,125 Total Air Rights
- 452 Atlantic Avenue has excellent connectivity to the rest of NYC, with access to the 2,3,4,5,C,B,D,N,Q,R,A,C,F & G Subway lines as well as the LIRR.
Listing Price: $3,850,000
Investment Highlights
- 452 Atlantic Avenue is a four-story, 6,000-square-foot multifamily building, approx. 6,000 SF.
- Zoning: R6A | Tax Class: 2B | 1,125 Total Air Rights
- 452 Atlantic Avenue has excellent connectivity to the rest of NYC, with access to the 2,3,4,5,C,B,D,N,Q,R,A,C,F & G Subway lines as well as the LIRR.
Investment Overview
Marcus & Millichap is pleased to offer 452 Atlantic Avenue, an opportunity to acquire a predominantly free-market, income-producing multifamily asset in the heart of brownstone Brooklyn, on the doorstep of Downtown Brooklyn and the Atlantic Terminal transit hub. The building’s eight units comprise a well-balanced mix of one studio, four two-bedrooms, and three one-bedrooms, anchored by five free-market apartments that generate roughly 80% of in-place rental income. Free-market rents average approximately $4,070 per month, led by a standout duplex two-bedroom with a large private backyard and convertible third bedroom. The three rent-stabilized one-bedrooms round out the rent roll with a stable, below-market income base and modest, predictable annual increases.
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