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362 Atlantic Ave
Brooklyn, NY 11217
Retail Property For Sale
Executive Summary
362 Atlantic Avenue is a well-located mixed-use property positioned on a prime stretch of Atlantic Avenue in the heart of Boerum Hill, one of Brooklyn’s most active and desirable commercial corridors. Surrounded by a strong mix of established retail, dining, and neighborhood amenities, the asset benefits from excellent visibility, consistent foot traffic, and immediate access to Downtown Brooklyn, Brooklyn Heights, Cobble Hill, and multiple transportation lines.
The three-story building spans approximately 3,020 square feet across four floor-through residential apartments over two ground-floor retail spaces and sits on a 25' x 80' lot, with roughly 6,000 buildable square feet offering meaningful expansion or redevelopment potential. The current rent roll totals approximately $182,220 per year with proposed upside to $258,000 per year, reflecting both in-place stability and clear value-add potential.
362 Atlantic Avenue presents a rare opportunity to acquire a mixed-use asset with free market residential units, a highly desirable retail space, and long-term development potential in one of Brooklyn’s most established and high-performing neighborhoods. Please inquire for a detailed set-up.
The three-story building spans approximately 3,020 square feet across four floor-through residential apartments over two ground-floor retail spaces and sits on a 25' x 80' lot, with roughly 6,000 buildable square feet offering meaningful expansion or redevelopment potential. The current rent roll totals approximately $182,220 per year with proposed upside to $258,000 per year, reflecting both in-place stability and clear value-add potential.
362 Atlantic Avenue presents a rare opportunity to acquire a mixed-use asset with free market residential units, a highly desirable retail space, and long-term development potential in one of Brooklyn’s most established and high-performing neighborhoods. Please inquire for a detailed set-up.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,092 SF
Building Class
C
Year Built
1900
Price
$2,900,000
Price Per SF
$937.90
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
1.42
Lot Size
0.05 AC
Zoning
R6A - R6A Zoning is a medium-density residential zoning district. It is a contextual zone that follows the regulations of the Quality Housing Program.
Frontage
45’ on Atlantic Ave
Amenities
- Bus Line
- Metro/Subway
Property Taxes
| Parcel Number | 00183-0015 | Improvements Assessment | $958,950 |
| Land Assessment | $5,850 | Total Assessment | $964,800 |
Property Taxes
Parcel Number
00183-0015
Land Assessment
$5,850
Improvements Assessment
$958,950
Total Assessment
$964,800
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