Mixed-Use Building with Ground
362 Atlantic Avenue Brooklyn, NY 11217
362 Atlantic Avenue, Brooklyn, NY, 11217
$2,900,000
For Sale
$2,900,000
Three-story mixed-use building with four floor-through apartments over two ground-floor retail spaces on a 25' x 80' lot.
Property Size3,020 SF
Lot Size0.05 Acres
Price / SF$960.26
Days on Market55
Property Features for 362 Atlantic Avenue
General Information
- Standard status
- Active
- Size
- 3,020 SF
- Lot size
- 0.05 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agency
Douglas Elliman Real Estate
(646) 247-0822
Listed by
Douglas M Bowen · License #10301217443
(646) 247-0822
Source
Compass
Added: May 29 Updated: Jul 21 at 9:38AM Checked: Jul 21 at 9:38AM
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 Real Estate
Investment Insights
Based on property information with market context.
362 Atlantic Avenue is a three-story mixed-use building with two ground-floor retail spaces and four floor-through residential apartments. The property totals approximately 3,020 square feet and sits on a 25' x 80' lot. The asset also includes roughly 6,000 square feet of buildable area, providing options for expansion or redevelopment (subject to approvals).
Positioned along Atlantic Avenue in Boerum Hill, the building benefits from a surrounding mix of established retail, dining, and neighborhood amenities. The offering also notes immediate access to Downtown Brooklyn, Brooklyn Heights, Cobble Hill, and multiple transportation lines.
The current rent roll totals approximately $182,220 per year, with proposed upside to $258,000 per year as described in the information provided. Please inquire for additional details and setup.
Positioned along Atlantic Avenue in Boerum Hill, the building benefits from a surrounding mix of established retail, dining, and neighborhood amenities. The offering also notes immediate access to Downtown Brooklyn, Brooklyn Heights, Cobble Hill, and multiple transportation lines.
The current rent roll totals approximately $182,220 per year, with proposed upside to $258,000 per year as described in the information provided. Please inquire for additional details and setup.
Key Highlights
- Three‑story mixed‑use building with four floor‑through residential apartments over two ground‑floor retail spaces
- Spans approx. 3,020 SF across a 25' x 80' lot
- Mixed‑use rent roll approx. $182,220/year, with proposed upside to approx. $258,000/year
Local 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 | $234.8k | $77.76 |
| − Vacancy | −$27.9k | −$9.25 |
| EGI | $206.9k | $68.51 |
| − OpEx | −$62.1k | −$20.55 |
| NOI | $144.8k | $47.95 |
3,020 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,823 @ 7.0% cap · market cap 4.99%
Second Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,626 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,039 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hannoh +
Women'S Clothing Store
Anne Willi
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building with four floor-through apartments over two ground-floor retail spaces on a 25' x 80' lot.
Where is this mixed-use property located?
The property is located at 362 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with four floor‑through residential apartments over two ground‑floor retail spaces; Spans approx. 3,020 SF across a 25' x 80' lot; Mixed‑use rent roll approx. $182,220/year, with proposed upside to approx. $258,000/year
