Mixed-Use Townhouse with
For Sale
$5,500,000
101 Atlantic Ave, Brooklyn, NY 11201
Four-story mixed-use property with three renovated apartments plus a ground-floor retail storefront and cellar space, delivered vacant.
Property Size5,500 SF
Price / SF$1,000
Days on Market10
Property Features for 101 Atlantic Ave
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Additional Details
Cap Rate
5%
Multifamily Units
3
Amenities
in-unit washer/dryer
stainless steel appliances
dishwasher
Building Details
Year Built
1856
Stories
4
Listing Agency:
Compass
Listed By:
Kellen Koon ([email protected])
Source:
Edifyny
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 2 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This four-story, mixed-use townhouse features three fully renovated free-market residential apartments and a high-value retail component. The residential units have modern, turnkey finishes including fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers, with tall ceilings and classic townhouse character. The ground-floor retail includes a storefront currently configured as a gym, along with access to a cellar and a backyard, supporting flexible commercial layout options.
The property spans approximately 25 feet in width and totals about 5,500 square feet across multiple levels, plus cellar space and an additional backyard area. It sits on a vibrant stretch of Atlantic Avenue known for dining, boutiques, and specialty grocers, and is described as steps from Sahadi’s and Trader Joe’s. Transportation is available via nearby subway stations, including Borough Hall (2/3 and 4/5) and Court Street (N/R/W).
The current configuration includes a roughly 1,160 SF retail storefront with a 625 SF backyard, with cellar accessory space of about 1,375 SF. Residential floors comprise two-bed/two-bath and two-bed/one-bath layouts across the upper levels, and the entire building can be delivered vacant. The seller describes the setup as an immediate income-producing asset with diversified rent potential.
The property spans approximately 25 feet in width and totals about 5,500 square feet across multiple levels, plus cellar space and an additional backyard area. It sits on a vibrant stretch of Atlantic Avenue known for dining, boutiques, and specialty grocers, and is described as steps from Sahadi’s and Trader Joe’s. Transportation is available via nearby subway stations, including Borough Hall (2/3 and 4/5) and Court Street (N/R/W).
The current configuration includes a roughly 1,160 SF retail storefront with a 625 SF backyard, with cellar accessory space of about 1,375 SF. Residential floors comprise two-bed/two-bath and two-bed/one-bath layouts across the upper levels, and the entire building can be delivered vacant. The seller describes the setup as an immediate income-producing asset with diversified rent potential.
Key Highlights
- ~5,500 SF, four‑story mixed‑use townhouse (built 1856) with a 25‑foot‑wide footprint
- 3 fully renovated free‑market residential apartments (~1,375 SF each) with modern in‑unit washer/dryers
- Ground‑floor retail includes ~1,160 SF storefront plus ~1,375 SF cellar and a ~625 SF backyard for flexible leasing
Financial Insights For 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 | $427.7k | $77.76 |
| − Vacancy | −$50.9k | −$9.25 |
| EGI | $376.8k | $68.51 |
| − OpEx | −$113.0k | −$20.55 |
| NOI | $263.8k | $47.95 |
5,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.77M
$3.30M – $4.40M
NOI $263,750 @ 7.0% cap · market cap 4.80%
Second Best
Multifamily LT 5
$2.75M
$2.41M – $3.21M
NOI $192,619 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,780 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
10,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Four-story mixed-use property with three renovated apartments plus a ground-floor retail storefront and cellar space, delivered vacant.
Where is this triplex located?
The property is located at 101 Atlantic Ave 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, four‑story mixed‑use townhouse (built 1856) with a 25‑foot‑wide footprint; 3 fully renovated free‑market residential apartments (~1,375 SF each) with modern in‑unit washer/dryers; Ground‑floor retail includes ~1,160 SF storefront plus ~1,375 SF cellar and a ~625 SF backyard for flexible leasing
