Mixed-Use Building with
New
For Sale
$3,988,800
428 Atlantic Avenue, Brooklyn, NY 11217
A ground-floor commercial space is paired with modern residential units above.
Property Size4,225 SF
Days on Market3
Property Features for 428 Atlantic Avenue
General Information
Standard status
Active
Size
4,225 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,873
Amenities
Natural Gas
Full
High Ceilings
No Garage, None
Building Details
Building Size
4,225 SF
Year Built
1900
Buildings
2
Listing Agency:
Landmark International R E LLC
Listed By:
Ayman Aziz
(347) 422-2247
Source:
Evrealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 2:53PM
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 Landmark International R E LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 428 Atlantic Avenue combines ground-floor retail with residential units on the upper floors. The building dates to 1900 and has a configuration that brings commercial and residential space together under one roof.
The property is on Atlantic Avenue in Brooklyn, three blocks from Barclays Center.
The property is on Atlantic Avenue in Brooklyn, three blocks from Barclays Center.
Key Highlights
- Ground‑floor retail with residential units above
- Located on Atlantic Avenue in Brooklyn
- Three blocks from Barclays Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,608
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,052,160
$4.1M
Cap Rate 7%
$2,894,400
$2.9M
Cap Rate 9%
$2,251,200
$2.3M
Market Conditions
NOI Build-Up for 4,225 SF
Gross rent
$328.5K $77.76/SF
− Vacancy
−$39.1K −$9.25/SF
EGI
$289.4K $68.51/SF
− OpEx
−$86.8K −$20.55/SF
NOI
$202.6K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,052,160
Cap Rate 7%
$2,894,400
Cap Rate 9%
$2,251,200
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.38M
NOI $202,608 @ 7.0% cap · market cap 5.08%
Second Best
Mixed Use
$2.19M
$1.92M – $2.56M
NOI $153,368 @ 7.0% cap · market cap 3.84%
Theoretical Best
Specialty Retail
$3.50M
$3.06M – $4.08M
NOI $244,881 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,893
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial space is paired with modern residential units above.
Where is this mixed-use property located?
The property is located at 428 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,988,800.
What are key features of this property?
This property features: Ground‑floor retail with residential units above; Located on Atlantic Avenue in Brooklyn; Three blocks from Barclays Center
