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3053 Atlantic Ave 8,273 SF Vacant Retail Building Brooklyn, NY 11208 $4,950,000 ($598.33/SF)
Investment Highlights
- Prime Development Opportunity in East New York.
- 90 ft of Frontage Along the Atlantic Avenue Retail Corridor.
- Short Walk from the Pitkin, Liberty, and Fulton Street Retail Corridors.
- ~50,000 Buildable SF As-of-Right - 60,000 Buildable SF Inclusionary Housing Program.
- Steps from the Cleveland Street "J" and the Shepherd Avenue "C" Subway Station.
Executive Summary
SAB Capital is pleased to present 3053 Atlantic Avenue in the East New York section of Brooklyn. The 8,273 SF lot represents a large development opportunity with a total buildable of 49,803 SF. By taking advantage of the Inclusionary Housing Program, the total buildable area increases to 59,306 SF. The site benefits from it's 90' feet of frontage on Atlantic Avenue and it's proximity to the Cleveland Street ("J") and Shepherd Avenue ("C") subway stations.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,273 SF
Building Class
C
Year Built
1930
Price
$4,950,000
Price Per SF
$598.33
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.19 AC
Zoning
R8A, C2-4, EC-5 - BSF: 49,803 SF
IH BSF: 59,306 SF
Frontage
28’ on Atlantic Ave
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03957-0049 | Improvements Assessment | $328,050 |
| Land Assessment | $72,000 | Total Assessment | $400,050 |
Property Taxes
Parcel Number
03957-0049
Land Assessment
$72,000
Improvements Assessment
$328,050
Total Assessment
$400,050
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