2738 Atlantic Ave
Brooklyn, NY 11207
2738 Atlantic Avenue · Multifamily Property For Sale · 12 Units

EAST NEW YORK WILL BE THE NEXT BUSHWICK/BED STUY
Brand New Construction
Close to J and C Trains
10 Residential Units:
3 x 3 Bedroom 2 full bath
3 x 2 bedroom w/home office, 2 full baths
3 x 2 bedroom 1 bath
1 x Studio
1 Commercial Space
1 Retail/Professional Space
All Electric Building
Tenants Pay Their Own Utilities
25 year 421a Tax abatement THEN 10 year adjustable tax increases ( 35 years total tax abatement )
GREAT INVESTMENT OPPORTUNITY
Total Net Income $515,000 per year
Walk-up Building
The city and Brooklyn college are about to put in a billion dollars in building up the area and the transit station. In ten years your investment will be worth 10 times what you put into it today.(*** Estimate) East New York is the next Bushwick/Bed-Stuy. They are building a park and college extension of dorms as well as major renovation of the Train station.. Closing off Atlantic ave at certain sites very close to this new construction building I am selling.
Just east of Broadway Junction station is the future site of Herkimer-Williams, a mixed-use project that will deliver 1,000 affordable homes 85,000 square foot community space, 100,000 square foot of light industrial space, office and retail space, and 25,000 square feet of open space to the area.
MTA: We’re teaming up with the MTA to fund a $500 million renovation of Brooklyn’s Broadway Junction. This major public realm improvement project will deliver vibrant new public spaces, improve the quality of life for residents and visitors, and create billions in economic impact for New York City.