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This Multifamily Property is no longer advertised on LoopNet.com.
487 Atlantic Ave
Brooklyn, NY 11217
487 Atlantic Avenue · Multifamily Property For Sale
·
2 Units

Investment Highlights
- 100% Free Market
- 4,600+ SF of additional air rights
- Tax Class 1 designation, limiting assessment increases to 6% annually or 20% over five years
- 23 feet of frontage on one of the best stretches of Brooklyn’s most popular retail corridors
- The residential units provide a value-add opportunity through light cosmetic upgrades
- Prime Boerum Hill Location steps from Brooklyn Heights and the Barclays Center
Property Facts
| No. Units | 2 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 3,601 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | ||
| Zoning | R7A - A medium-density, contextual residential district under the Quality Housing Program, primarily for seven- to nine-story apartment buildings that blend with established neighborhoods. | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,601 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R7A - A medium-density, contextual residential district under the Quality Housing Program, primarily for seven- to nine-story apartment buildings that blend with established neighborhoods. |
Property Taxes
| Parcel Number | 00179-0047 | Improvements Assessment | $169,920 |
| Land Assessment | $15,660 | Total Assessment | $185,580 |
Property Taxes
Parcel Number
00179-0047
Land Assessment
$15,660
Improvements Assessment
$169,920
Total Assessment
$185,580
Listing ID: 34477856
Date on Market: 1/14/2025
Last Updated:
Address: 487 Atlantic Ave, Brooklyn, NY 11217
The Downtown Brooklyn Multifamily Property at 487 Atlantic Ave, Brooklyn, NY 11217 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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