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Atlantic Ave Corner Mixed Use Building 121 Atlantic Ave 6,524 SF 100% Leased Retail Building Brooklyn, NY 11201 For Sale
Investment Highlights
- Prime Brooklyn Heights location
- Strong in-place cash flow
- Tax-class protected mixed-use asset
- Corner property with exceptional visibility
- Free Market residential units
- Walk to Brooklyn Bridge Park & multiple subway lines
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 121 Atlantic Avenue, a fully occupied mixed-use investment property prominently located at the corner of Atlantic Avenue and Henry Street in the heart of Brooklyn Heights, one of New York City's most desirable neighborhoods.
The four-story, 6,524-square-foot building consists of seven units, including five free-market residential apartments and two ground-floor commercial spaces occupied by the long-established Italian restaurant Caffé Buon Gusto as well as a deli. The property generates strong in-place cash flow and benefits from tax-class protection, providing investors with stable income and long-term value.
Positioned along Atlantic Avenue's vibrant retail corridor, the property benefits from exceptional visibility, strong pedestrian traffic, and immediate proximity to Brooklyn Bridge Park. The property is also within a short walk of multiple subway lines, including the 2, 3, 4, 5, A, C, F, R, with convenient access via Borough Hall, Court Street, High Street, Jay Street–MetroTech, and Clark Street stations, providing seamless connectivity throughout Brooklyn and Manhattan. This offering presents a rare opportunity to acquire a premier mixed-use asset with strong in-place cash flow, durable tenancy, and long-term appreciation potential in one of Brooklyn Heights' most sought-after investment markets.
The four-story, 6,524-square-foot building consists of seven units, including five free-market residential apartments and two ground-floor commercial spaces occupied by the long-established Italian restaurant Caffé Buon Gusto as well as a deli. The property generates strong in-place cash flow and benefits from tax-class protection, providing investors with stable income and long-term value.
Positioned along Atlantic Avenue's vibrant retail corridor, the property benefits from exceptional visibility, strong pedestrian traffic, and immediate proximity to Brooklyn Bridge Park. The property is also within a short walk of multiple subway lines, including the 2, 3, 4, 5, A, C, F, R, with convenient access via Borough Hall, Court Street, High Street, Jay Street–MetroTech, and Clark Street stations, providing seamless connectivity throughout Brooklyn and Manhattan. This offering presents a rare opportunity to acquire a premier mixed-use asset with strong in-place cash flow, durable tenancy, and long-term appreciation potential in one of Brooklyn Heights' most sought-after investment markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,524 SF
Building Class
C
Year Built
1910
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
9’
Building FAR
3.62
Lot Size
0.04 AC
Zoning
C1-3, R6
Frontage
22’ on Atlantic Ave
Amenities
- Bus Line
- Corner Lot
- Metro/Subway
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00275-0024 | Improvements Assessment | $1,228,500 |
| Land Assessment | $24,300 | Total Assessment | $1,252,800 |
Property Taxes
Parcel Number
00275-0024
Land Assessment
$24,300
Improvements Assessment
$1,228,500
Total Assessment
$1,252,800
Contacts
-
Remi Norris -
John Ceccoli -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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Atlantic Ave Corner Mixed Use Building | 121 Atlantic Ave
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