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65 Atlantic Ave 16 Unit Apartment Building $7,500,000 ($468,750/Unit) 5.50% Cap Rate Brooklyn, NY 11201
Executive Summary
Rare Brooklyn Heights 16-Unit Co-Op | Loft-Style + Duplex with Outdoor Space
63–65 Atlantic Avenue
First time offered in decades, this 16-unit cooperative building—held under long-time family ownership—presents a rare opportunity to acquire a generational asset in Brooklyn Heights, one of New York City’s most prestigious and supply-constrained neighborhoods.
The property features a highly attractive unit mix, including 14 loft-style studio residences with open layouts and high ceilings, along with two duplex units offering private backyard access—a rare and highly sought-after amenity.
Situated along Atlantic Avenue at the crossroads of Brooklyn Heights, Cobble Hill, and Boerum Hill, the asset benefits from exceptional demand, strong resale potential, and long-term appreciation.
Property Highlights:
-16-unit cooperative building
-14 loft-style studio units with open layouts
-2 duplex residences with private backyard access
-Located in prime Brooklyn Heights
-Generational, long-time family ownership
-High ceilings and flexible configurations
-Well-maintained with strong underlying structure
Value-Add Opportunity:
A clear path to unlocking value through renovation and repositioning:
-Transform loft studios into modern, design-driven residences
-Reconfigure layouts with sleeping alcoves or home offices
-Maximize duplex units as premium indoor/outdoor offerings
-Upgrade kitchens, bathrooms, and common areas
-Rebrand as a boutique loft-style co-op in Brooklyn Heights
Investment Thesis:
-Significant upside through renovation
-Premium pricing for loft-style units and outdoor space
-Strong end-user demand in Brooklyn Heights
-Ideal for sponsor-led sellout or phased resale strategy
-Long-term appreciation in a blue-chip Brooklyn location
Location Highlights:
-Prestigious Brooklyn Heights address
-Immediate access to Manhattan via multiple subway lines
-Near the Brooklyn Heights Promenade and waterfront
-Surrounded by top-tier dining, retail, and neighborhood amenities
This is a rare Brooklyn Heights co-op opportunity combining loft character, outdoor space, and scale—with compelling upside in one of NYC’s most desirable neighborhoods.
63–65 Atlantic Avenue
First time offered in decades, this 16-unit cooperative building—held under long-time family ownership—presents a rare opportunity to acquire a generational asset in Brooklyn Heights, one of New York City’s most prestigious and supply-constrained neighborhoods.
The property features a highly attractive unit mix, including 14 loft-style studio residences with open layouts and high ceilings, along with two duplex units offering private backyard access—a rare and highly sought-after amenity.
Situated along Atlantic Avenue at the crossroads of Brooklyn Heights, Cobble Hill, and Boerum Hill, the asset benefits from exceptional demand, strong resale potential, and long-term appreciation.
Property Highlights:
-16-unit cooperative building
-14 loft-style studio units with open layouts
-2 duplex residences with private backyard access
-Located in prime Brooklyn Heights
-Generational, long-time family ownership
-High ceilings and flexible configurations
-Well-maintained with strong underlying structure
Value-Add Opportunity:
A clear path to unlocking value through renovation and repositioning:
-Transform loft studios into modern, design-driven residences
-Reconfigure layouts with sleeping alcoves or home offices
-Maximize duplex units as premium indoor/outdoor offerings
-Upgrade kitchens, bathrooms, and common areas
-Rebrand as a boutique loft-style co-op in Brooklyn Heights
Investment Thesis:
-Significant upside through renovation
-Premium pricing for loft-style units and outdoor space
-Strong end-user demand in Brooklyn Heights
-Ideal for sponsor-led sellout or phased resale strategy
-Long-term appreciation in a blue-chip Brooklyn location
Location Highlights:
-Prestigious Brooklyn Heights address
-Immediate access to Manhattan via multiple subway lines
-Near the Brooklyn Heights Promenade and waterfront
-Surrounded by top-tier dining, retail, and neighborhood amenities
This is a rare Brooklyn Heights co-op opportunity combining loft character, outdoor space, and scale—with compelling upside in one of NYC’s most desirable neighborhoods.
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Property Facts
| Price | $7,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $468,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.50% | Building Size | 6,920 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R6 - Medium density residential district | ||
| Price | $7,500,000 |
| Price Per Unit | $468,750 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,920 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R6 - Medium density residential district |
Amenities
Site Amenities
- Wheelchair Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 00258-0106 | Improvements Assessment | $685,800 |
| Land Assessment | $167,400 | Total Assessment | $853,200 |
Property Taxes
Parcel Number
00258-0106
Land Assessment
$167,400
Improvements Assessment
$685,800
Total Assessment
$853,200
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65 Atlantic Ave
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