324atlantic

 

Centrally-located mixed-use building fully-tenanted with three (3) Two-bedroom/One-bath free market apartments and one (1) Commercial Unit.

 
This great investment is in pristine condition and is comprised of 3,680 sq-ft PLUS a 920 sq-ft high-ceiling cellar with laundry and storage for the tenants. The C2-4R6A zoning allows for approximately 1,720 sq-ft of additional air-rights. 

Once the option of the full air-rights is exercised, the property will become a 5,400 sq-ft high-income-producing investment.

The sale is subject to the existing free-market tenancies that will produce great income while the design plans are approved for the expansion.

The Atlantic Avenue business & shopping corridor is well-positioned to evolve into an even greater hub of commerce given all the luxury residential construction coming to market in the Downtown Brooklyn community.