Mixed-Use Building with
2738 Atlantic Ave, Brooklyn, NY 11207
For Sale
New
$6,499,000
The 2025-built property combines residential apartments with commercial retail space.
Property Size9,170 SF
Days on Market7
Property Features for 2738 Atlantic Ave
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Additional Details
Cap Rate
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
individual PTAC heating and cooling systems
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
S10 Realty Group LLC
Listed By:
Lina Shi RENE
(646) 286-0219
Source:
Leadingedgeli
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 2:15AM
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 S10 Realty Group LLC
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Investment Insights
Based on property information with market context.
Completed in 2025, this mixed-use property contains 9 residential units and 1 retail commercial unit. Individual PTAC systems provide heating and cooling within the residential units. The property also carries a 35-year property tax abatement and is described with a 6.3% return.
Transit options include the J and Z trains at Van Siclen Avenue, the A and C trains at Liberty Avenue, and the East New York LIRR station. The listing places the subway stations minutes away.
Transit options include the J and Z trains at Van Siclen Avenue, the A and C trains at Liberty Avenue, and the East New York LIRR station. The listing places the subway stations minutes away.
Key Highlights
- 9 residential units and 1 retail commercial unit
- Built in 2025
- Individual PTAC heating and cooling systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,744
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,794,880
$8.8M
Cap Rate 7%
$6,282,057
$6.3M
Cap Rate 9%
$4,886,044
$4.9M
Market Conditions
NOI Build-Up for 9,170 SF
Gross rent
$713.1K $77.76/SF
− Vacancy
−$84.9K −$9.25/SF
EGI
$628.2K $68.51/SF
− OpEx
−$188.5K −$20.55/SF
NOI
$439.7K $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%
$8,794,880
Cap Rate 7%
$6,282,057
Cap Rate 9%
$4,886,044
Alternative Uses
Best Use
Retail
$6.28M
$5.50M – $7.33M
NOI $439,744 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$4.76M
$4.16M – $5.55M
NOI $332,871 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$7.59M
$6.64M – $8.86M
NOI $531,493 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,787
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 2025-built property combines residential apartments with commercial retail space.
Where is this mixed-use property located?
The property is located at 2738 Atlantic Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,499,000.
What are key features of this property?
This property features: 9 residential units and 1 retail commercial unit; Built in 2025; Individual PTAC heating and cooling systems
