Mixed-Use Residential/Retail
234 Atlantic Avenue Brooklyn, NY 11201
For Sale
Contact for pricing
Four-story building with two residential units and a ground-level retail unit, delivered vacant and maintained by continuous ownership.
Property Size2,774 SF
Price / SF$1,153
Days on Market16
Property Features for 234 Atlantic Avenue
General Information
- Standard status
- Active
- Size
- 2,774 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing Agency:
Douglas Elliman
(917) 374-0099
Listed By:
Alex Furst · License #NY 10301224659
Source:
Crexi
Added: Jul 8
Changed: Jul 23
Last Checked: Jul 23 at 12:56AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This four-story mixed-use building is currently configured as two residential units and one ground-level retail unit. Ownership has maintained and updated the property over 86 years of continuous ownership. The building is being delivered vacant.
Located on an active retail corridor between Court Street and Boerum Place, the property sits in Brooklyn’s Downtown Brooklyn/Cobble Hill–Boerum Hill–Brooklyn Heights area. Nearby retailers include 5 Below, Michael’s, Trader Joe’s, Starbucks, Sephora, SoulCycle, Shelsky’s, and Walgreens.
Public transportation is within a short walk, with Borough Hall/Court Street Train Station approximately a 3-minute walk away, serving the 2/3/4/5/R lines.
Located on an active retail corridor between Court Street and Boerum Place, the property sits in Brooklyn’s Downtown Brooklyn/Cobble Hill–Boerum Hill–Brooklyn Heights area. Nearby retailers include 5 Below, Michael’s, Trader Joe’s, Starbucks, Sephora, SoulCycle, Shelsky’s, and Walgreens.
Public transportation is within a short walk, with Borough Hall/Court Street Train Station approximately a 3-minute walk away, serving the 2/3/4/5/R lines.
Key Highlights
- 4‑story mixed‑use building (built 1910) configured as 2 residential units plus 1 ground‑level retail unit
- Delivered vacant; maintained and updated under continuous ownership for 86 years
- Opportunity to add a 3rd apartment or update the basement to service the retail as accessory use
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 | $215.7k | $77.76 |
| − Vacancy | −$25.7k | −$9.25 |
| EGI | $190.0k | $68.51 |
| − OpEx | −$57.0k | −$20.55 |
| NOI | $133.0k | $47.95 |
2,774 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $133,026 @ 7.0% cap · market cap 4.16%
Second Best
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,150 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,781 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Four-story building with two residential units and a ground-level retail unit, delivered vacant and maintained by continuous ownership.
Where is this duplex located?
The property is located at 234 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 4‑story mixed‑use building (built 1910) configured as 2 residential units plus 1 ground‑level retail unit; Delivered vacant; maintained and updated under continuous ownership for 86 years; Opportunity to add a 3rd apartment or update the basement to service the retail as accessory use
