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Listing Courtesy of Compass
$5,500,000
Est. payment /mo
6 Beds
6 Baths
5,500 SqFt
UPDATED:
Key Details
Property Type Single Family, Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $1,000
Subdivision Brooklyn Heights
MLS Listing ID RLS20085297
Bedrooms 6
Full Baths 6
HOA Y/N Yes
Year Built 1856
Annual Tax Amount $59,478
Property Sub-Type Mixed Use
Property Description
TURNKEY! | CAN BE DELIVERED VACANT! | 3-FAMILY PLUS STORE!
101 Atlantic Ave is a massive 25-foot-wide mixed-use townhouse located at the crossroads of Brooklyn Heights and Cobble Hill. Spanning approximately 5,500 square feet, this four-story property consists of three fully renovated large free-market residential apartments and one high-value retail space, presenting a compelling opportunity for an investor or retail end user.
* Massive Income Potential: Features three fully renovated, free-market, full-floor residential apartments (~1,375 SF each) offering strong turnkey income generation.
* The retail layout provides flexibility to lease the 1,160 SF storefront together with the 1,375 SF cellar and 625 SF backyard to maximize commercial value.
* Functions perfectly as an immediate income-producing property with a projected 5% Cap Rate, and the entire building can be delivered vacant.
PROPERTY HIGHLIGHTS
* Size: ~5,500 Sq. Ft. across 4 full stories, plus a cellar, boasting a massive 25-foot width.
* Modern Upgrades: Fully renovated residential apartments feature fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers.
* Historic Charm: Tall ceilings and classic Brooklyn townhouse charm throughout the residential floors, complemented by high ceilings in the ground-floor retail space.
CURRENT CONFIGURATION
* Cellar: Accessory use space (~1,375 SF of bonus space)
* 1st Floor: Retail storefront (~1,160 SF) currently configured as a gym, with access to a 625 SF backyard
* 2nd Floor: 2 Bed / 2 Bath
* 3rd Floor: 2 Bed / 1 Bath
* 4th Floor: 2 Bed / 1 Bath
PROPOSED USAGE
* Restaurant / Retail Destination: The layout lends itself perfectly to a restaurant conversion, utilizing the backyard as a private outdoor dining area and the cellar for additional accessory use.
* Turnkey Investment: Rent out the free-market residential units alongside the highly visible commercial space for a steady, diversified income stream.
LOCATION & TRANSPORTATION
* Neighborhood Staples: Situated on a vibrant stretch of Atlantic Avenue known for its mix of restaurants, boutiques, and specialty grocers. Generates strong daily foot traffic and is just steps from Sahadi's, Trader Joe's, Boutros, and more.
* Borough Hall Station: 2/3 and 4/5 trains (approx. 15 minutes to Lower Manhattan)
* Court Street Station: N/R/W trains (approx. 20 minutes to Lower Manhattan)
* Bergen Street Station: F/G trains (approx. 30 minutes to Midtown)
101 Atlantic Ave is a massive 25-foot-wide mixed-use townhouse located at the crossroads of Brooklyn Heights and Cobble Hill. Spanning approximately 5,500 square feet, this four-story property consists of three fully renovated large free-market residential apartments and one high-value retail space, presenting a compelling opportunity for an investor or retail end user.
* Massive Income Potential: Features three fully renovated, free-market, full-floor residential apartments (~1,375 SF each) offering strong turnkey income generation.
* The retail layout provides flexibility to lease the 1,160 SF storefront together with the 1,375 SF cellar and 625 SF backyard to maximize commercial value.
* Functions perfectly as an immediate income-producing property with a projected 5% Cap Rate, and the entire building can be delivered vacant.
PROPERTY HIGHLIGHTS
* Size: ~5,500 Sq. Ft. across 4 full stories, plus a cellar, boasting a massive 25-foot width.
* Modern Upgrades: Fully renovated residential apartments feature fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers.
* Historic Charm: Tall ceilings and classic Brooklyn townhouse charm throughout the residential floors, complemented by high ceilings in the ground-floor retail space.
CURRENT CONFIGURATION
* Cellar: Accessory use space (~1,375 SF of bonus space)
* 1st Floor: Retail storefront (~1,160 SF) currently configured as a gym, with access to a 625 SF backyard
* 2nd Floor: 2 Bed / 2 Bath
* 3rd Floor: 2 Bed / 1 Bath
* 4th Floor: 2 Bed / 1 Bath
PROPOSED USAGE
* Restaurant / Retail Destination: The layout lends itself perfectly to a restaurant conversion, utilizing the backyard as a private outdoor dining area and the cellar for additional accessory use.
* Turnkey Investment: Rent out the free-market residential units alongside the highly visible commercial space for a steady, diversified income stream.
LOCATION & TRANSPORTATION
* Neighborhood Staples: Situated on a vibrant stretch of Atlantic Avenue known for its mix of restaurants, boutiques, and specialty grocers. Generates strong daily foot traffic and is just steps from Sahadi's, Trader Joe's, Boutros, and more.
* Borough Hall Station: 2/3 and 4/5 trains (approx. 15 minutes to Lower Manhattan)
* Court Street Station: N/R/W trains (approx. 20 minutes to Lower Manhattan)
* Bergen Street Station: F/G trains (approx. 30 minutes to Midtown)
Location
State NY
County Kings
Rooms
Basement Full
Interior
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family,Mixed Use,Townhouse
Story 4
New Construction No
Others
Tax ID 00274-0010
Ownership None
Monthly Total Fees $4, 956
Pets Allowed Building No, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716