Mixed-Use Townhouse with
101 Atlantic Avenue, Brooklyn, NY 11201
- Added:
- Jun 10, 2026
- Days on Market:
- 26
- Last Refresh:
- Jul 5 at 6:06 am
Property Features for 101 Atlantic Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3
- Standard status
- Active
Building Details
- Architectural style
- Other
Listing agent Kellen Koon
Listing office Compass 3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Jun 10, 2026
MLS# 11817098
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- ~5,500 SF, 25‑ft‑wide 4‑story 3‑family plus store mixed‑use townhouse at 101 Atlantic Ave
- Three fully renovated, full‑floor free‑market residential apartments (~1,375 SF each)
- Retail space includes ~1,160 SF storefront plus ~1,375 SF cellar and ~625 SF backyard
- Modern apartment upgrades: fully vented in‑unit washer/dryers, stainless steel appliances, and dishwashers
- Can be delivered vacant; projected 5% cap rate with diversified residential and retail income
- Retail storefront currently configured as a gym; residential floors include 2 Bed/2 Bath and two 2 Bed/1 Bath layouts
Overview
This mixed-use townhouse spans four full stories with an additional cellar and offers three fully renovated residential apartments alongside a ground-floor retail space. The property is approximately 25 feet wide and totals about 5,500 square feet. The residential units are described as fully renovated and include fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers. The ground-floor space is configured as a storefront currently operated as a gym, with access to a 625-square-foot backyard, and the cellar provides accessory space.
The building is located on Atlantic Avenue in Brooklyn, at the crossroads of Brooklyn Heights and Cobble Hill, in a neighborhood described as home to restaurants, boutiques, and specialty grocers. The remarks note proximity to Sahadi’s, Trader Joe’s, and Boutros. Public transportation options referenced include Borough Hall Station for the 2/3 and 4/5 trains and Court Street Station for the N/R/W trains, with additional service referenced at Bergen Street Station.
The layout supports a range of income or end-user strategies, with three free-market apartments and a flexible commercial configuration. The retail portion is described as able to be leased together with the cellar and backyard, which may support restaurant or retail concepts requiring both indoor and outdoor space, while the residential units provide independent occupancy within the same property.
The building is located on Atlantic Avenue in Brooklyn, at the crossroads of Brooklyn Heights and Cobble Hill, in a neighborhood described as home to restaurants, boutiques, and specialty grocers. The remarks note proximity to Sahadi’s, Trader Joe’s, and Boutros. Public transportation options referenced include Borough Hall Station for the 2/3 and 4/5 trains and Court Street Station for the N/R/W trains, with additional service referenced at Bergen Street Station.
The layout supports a range of income or end-user strategies, with three free-market apartments and a flexible commercial configuration. The retail portion is described as able to be leased together with the cellar and backyard, which may support restaurant or retail concepts requiring both indoor and outdoor space, while the residential units provide independent occupancy within the same property.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $462.0k | $84.00 |
| − Vacancy | −$37.0k | −$6.72 |
| EGI | $425.0k | $77.28 |
| − OpEx | −$106.3k | −$19.32 |
| NOI | $318.8k | $57.96 |
5,500 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,780 @ 7.0% cap · market cap 5.80%
Second Best
Retail
$3.77M
$3.30M – $4.40M
NOI $263,750 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wealth Fitness
Gym & Fitness Center
RJ Fitness NYC
Gym & Fitness Center
Careers Navigated
Employment Agency
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.996864
- Latitude
- 40.691159
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Turnkey four-story building with three renovated apartments and a ground-floor retail space plus cellar and backyard.
Where is this triplex located?
The property is located at 101 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: ~5,500 SF, 25‑ft‑wide 4‑story 3‑family plus store mixed‑use townhouse at 101 Atlantic Ave; Three fully renovated, full‑floor free‑market residential apartments (~1,375 SF each); Retail space includes ~1,160 SF storefront plus ~1,375 SF cellar and ~625 SF backyard
