This property is Off-Market

2531 Atlantic Avenue
Brooklyn, NY 11207 ·

3 Units · Multifamily For Sale

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Mixed Use Building For Sale - Atlantic Avenue

Price N/A Property Use Type Investment
No. Units 3 Cap Rate 10%
Building Size 3,000 SF No. Stories 3
Property Type Multifamily Year Built 1910
Property Sub-type Mid/High-Rise Lot Size 1,891 SF
Listing ID: 17931780 Date Created: 11/30/2012 Last Updated: 07/12/2013

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Demographics - Review demographics in this neighborhood

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