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    2693 Atlantic Ave Brooklyn, NY 11207

    For Sale
    $5,400,000

    Four-lot assemblage for mixed-use development with permits.

    Property size:
    11,966 SF
    Lot size:
    0.18 Acres

    Property Features for 2693 Atlantic Ave

    General Information

    Size
    11,966 SF
    Lot size
    0.18 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Development Assemblage Opportunity

    This is a four-lot corner development assemblage with over 80 feet of frontage along Atlantic Avenue. The site is delivered vacant with demolition permits in place, potentially expediting the development timeline and providing soft cost savings. The property is suitable for a mixed-use residential and retail project, with approximately 75 apartments above ground floor retail. The site is ideal for 485-x Tax Abatement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.894635
    Latitude
    40.676213

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    FAQs

    What type of property is this?
    Commercial land - Four-lot assemblage for mixed-use development with permits.
    Where is this commercial land located?
    The property is located at 2693 Atlantic Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: - Four-lot assemblage with **80’+ of frontage along Atlantic Avenue.**; - Delivered vacant with demo permits in place, expediting development.; - Ideal for 485-x Tax Abatement.
    (516) 647-7155
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    2693 Atlantic Ave Brooklyn, NY 11207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2693 Atlantic Ave Brooklyn, NY 11207
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