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Mixed Use Building For Sale - Atlantic Avenue

2531 Atlantic Avenue, Brooklyn, NY 11207

N/A

3 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
3
Building Size:
3,000 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
10%
No. Stories:
3
Year Built:
1910
Lot Size:
1,891 SF
Listing ID
17931780
Last Updated
over 1 year ago

Highlights

  • 3,000 SF Building + 1,000 SF Basement
  • 1 Commercial Unit
  • 2 Residential Units
  • $53,400 Projected Gross Income
  • $32,808 projected Net Income
  • Cypress Hills Average Price Per SQFT $187, up 20.6% Year over Year

Description

Coldwell Banker Reliable Commercial Division is pleased to offer 2531 Atlantic Avenue for sale. A Mixed Use building located in the Cypress Hills neighborhood of Brooklyn. The Property consists of two residential units, one commercial unit , totaling 3,000 SF + 1,000 SF basement. All units are currently vacant . The property requires substantial renovations.

Three minute walk to 5 train lines High Traffic Counts Over 120,000 residents within 1 mile Over 2,000 businesses within 1 mile.

Map of 2531 Atlantic Avenue, Brooklyn, NY 11207 (Kings County)

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