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Warehouse

1193 Atlantic Avenue

1193 Atlantic Avenue, Brooklyn, NY 11216

Listing Price: $3,000,000

Cap Rate
3.42%
Gross SF
6,540
Price/Gross SF
$458.72
Lot Size
0.05 acres
Year Built
1910
Rentable SF
6,540

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 1193 Atlantic Avenue, a three-story commercial building between Perry Place & Nostrand Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. It is built full on a 22 ft x 99.08 ft, M1-1 zoned lot (Block: 01866 Lot: 0008). It features divisible commercial space on the ground floor, 4 artist spaces/offices on the 2nd floor, and commercial space on the 3rd floor that is currently leased to a real estate management company. The property also features a full basement, renovated rooftop, high ceilings, and central air throughout the whole building. The subject property is located three blocks from the Nostrand Avenue subway station, serviced by the A and C lines. It is also within proximity to the 2, 3, 4 and 5 lines. Owner-users & investors have the unique opportunity to purchase a cash-flowing commercial building on the highly trafficked Atlantic Avenue corridor and to capitalize on the area’s staggering growth in rents and property values. The Atlantic Avenue corridor is going through a period of revitalization with numerous large developments in construction.

Investment Highlights

  • 6,540 SF, Cash-Flowing Commercial Building in Bedford-Stuyvesant
  • Four Floors of Turn-Key Commercial & Office Space
  • Full Basement, Renovated Rooftop, High Ceilings, and Central Air throughout the Building
  • Highly Visible Property with 22 ft of Frontage on Atlantic Avenue
  • Three Blocks from the Nostrand Ave "A" and "C" Trains
  • Within Proximity to the "2", "3", "4" and "5" Trains
  • Steps from Nostrand Avenue LIRR Train Station

Exclusively Listed By

Warehouse

1193 Atlantic Avenue

Listing Price: $3,000,000

Cap Rate
3.42%
Gross SF
6,540
Price/Gross SF
$458.72
Lot Size
0.05 acres
Year Built
1910
Rentable SF
6,540

Investment Highlights

  • 6,540 SF, Cash-Flowing Commercial Building in Bedford-Stuyvesant
  • Four Floors of Turn-Key Commercial & Office Space
  • Full Basement, Renovated Rooftop, High Ceilings, and Central Air throughout the Building
  • Highly Visible Property with 22 ft of Frontage on Atlantic Avenue
  • Three Blocks from the Nostrand Ave "A" and "C" Trains
  • Within Proximity to the "2", "3", "4" and "5" Trains
  • Steps from Nostrand Avenue LIRR Train Station

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 1193 Atlantic Avenue, a three-story commercial building between Perry Place & Nostrand Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. It is built full on a 22 ft x 99.08 ft, M1-1 zoned lot (Block: 01866 Lot: 0008). It features divisible commercial space on the ground floor, 4 artist spaces/offices on the 2nd floor, and commercial space on the 3rd floor that is currently leased to a real estate management company. The property also features a full basement, renovated rooftop, high ceilings, and central air throughout the whole building. The subject property is located three blocks from the Nostrand Avenue subway station, serviced by the A and C lines. It is also within proximity to the 2, 3, 4 and 5 lines. Owner-users & investors have the unique opportunity to purchase a cash-flowing commercial building on the highly trafficked Atlantic Avenue corridor and to capitalize on the area’s staggering growth in rents and property values. The Atlantic Avenue corridor is going through a period of revitalization with numerous large developments in construction.

Exclusively Listed By

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