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Atlantic Ave Mixed Use Buildings 145 Atlantic Ave 3,802 SF 100% Leased Retail Building Brooklyn, NY 11201 For Sale
Investment Highlights
- Prime Brooklyn Heights location
- Tax-class protected mixed-use asset
- Free-market residential units
- Strong in-place cash flow
- Value-add opportunity to convert oversized 1BR units to 2BR layouts
- Walk to Brooklyn Bridge Park
Executive Summary
Terracrg is pleased to exclusively represent ownership in the sale of 145 Atlantic Avenue, a fully occupied mixed-use investment property ideally situated in the heart of Brooklyn Heights, one of New York City's most desirable neighborhoods.
The four-story, 3,802-square-foot building consists of four units, including three free-market residential apartments and one ground-floor commercial space occupied by the restaurant Bebo NYC. The property generates strong in-place cash flow and benefits from tax-class protection, providing investors with stable income and long-term investment potential. In addition to its stable in-place income, the property offers meaningful value-add potential through the potential repositioning of the oversized one-bedroom residential units into highly desirable two-bedroom layouts, capitalizing on strong demand for two-bedroom apartments in the Brooklyn Heights market, where comparable units command rents of approximately $7,000 per month.
Located along Atlantic Avenue's established retail corridor, the property enjoys outstanding neighborhood demographics, exceptional walkability, 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 the opportunity to acquire a boutique mixed-use asset with strong in-place cash flow and long-term appreciation potential in one of Brooklyn Heights' most coveted investment markets.
The four-story, 3,802-square-foot building consists of four units, including three free-market residential apartments and one ground-floor commercial space occupied by the restaurant Bebo NYC. The property generates strong in-place cash flow and benefits from tax-class protection, providing investors with stable income and long-term investment potential. In addition to its stable in-place income, the property offers meaningful value-add potential through the potential repositioning of the oversized one-bedroom residential units into highly desirable two-bedroom layouts, capitalizing on strong demand for two-bedroom apartments in the Brooklyn Heights market, where comparable units command rents of approximately $7,000 per month.
Located along Atlantic Avenue's established retail corridor, the property enjoys outstanding neighborhood demographics, exceptional walkability, 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 the opportunity to acquire a boutique mixed-use asset with strong in-place cash flow and long-term appreciation potential in one of Brooklyn Heights' most coveted investment markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,802 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.85
Lot Size
0.03 AC
Zoning
C1-3, R6
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00275-0012 | Improvements Assessment | $493,650 |
| Land Assessment | $339,750 | Total Assessment | $833,400 |
Property Taxes
Parcel Number
00275-0012
Land Assessment
$339,750
Improvements Assessment
$493,650
Total Assessment
$833,400
Contacts
-
John Ceccoli -
Remi Norris -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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Atlantic Ave Mixed Use Buildings | 145 Atlantic Ave
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