487 Atlantic Ave | Brooklyn, NY 11217
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- LoopNet Team
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
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