487 Atlantic Avenue

Brooklyn, NY

View Offering Memorandum

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

Team

Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623
Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051
Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557