487 Atlantic Avenue
Brooklyn, NY
Overview
Summary
- Asking Price $3,700,000
- Total SF 3,601 SF
- Total Units 3
- Total Stories 3
Avison Young, as the exclusive agent, is pleased to offer for sale 487 Atlantic Avenue (the “Property”), a 3-story mixed-use walk-up building featuring 23’ of frontage on the north side of Atlantic Avenue between Nevins Street and 3rd Avenue in Boerum Hill. The Property spans approximately 3,601± square and consists of two (2) residential units above one (1) ground floor retail space. The retail unit is occupied by Eastville Comedy Club through 2032.
Highlights
100% Free Market
23 feet of frontage on one of the best stretches of Brooklyn’s most popular retail corridors
4,600+ SF of additional air rights
The residential units provide a value-add opportunity through light cosmetic upgrades
Tax Class 1 designation, limiting assessment increases to 6% annually or 20% over five years
Prime Boerum Hill Location steps from Brooklyn Heights and the Barclays Center
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