Mixed-Use Property with
For Sale
$3,288,800
426 Atlantic Avenue, Brooklyn, NY 11217
Ground-level retail and upper-floor residential space support a mixed-use configuration on Atlantic Avenue.
Property Size3,151 SF
Price / SF$1,043
Days on Market20
Property Features for 426 Atlantic Avenue
General Information
Standard status
Active
Size
3,151 SF
Property subtype
Residential Income
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$5,545
Amenities
High Ceilings
Building Details
Building Size
3,151 SF
Year Built
1900
Units
3
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 3:37AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,151-square-foot property is suited to a mixed-use layout, with retail at street level and residential space above. Its location on Atlantic Avenue is three blocks from Barclays Center in Boerum Hill, Brooklyn.
Key Highlights
- 3,151‑square‑foot mixed‑use property
- Ground‑floor retail with residential space above
- Three blocks from Barclays Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,105
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,022,100
$3.0M
Cap Rate 7%
$2,158,643
$2.2M
Cap Rate 9%
$1,678,944
$1.7M
Market Conditions
NOI Build-Up for 3,151 SF
Gross rent
$245.0K $77.76/SF
− Vacancy
−$29.2K −$9.25/SF
EGI
$215.9K $68.51/SF
− OpEx
−$64.8K −$20.55/SF
NOI
$151.1K $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%
$3,022,100
Cap Rate 7%
$2,158,643
Cap Rate 9%
$1,678,944
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $151,105 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.63M
$1.43M – $1.91M
NOI $114,381 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,632 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12,893
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Apparel 23%
Shops & Services 18%
Hotels & Casinos 5%
Chick-fil-A
Dining
35,688 visits/mo
0.4 miles
Shell
Shops & Services
22,155 visits/mo
0.2 miles
Shake Shack
Dining
18,217 visits/mo
0.4 miles
Goodwill
Apparel
18,116 visits/mo
0.2 miles
Starbucks
Dining
13,497 visits/mo
0.4 miles
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level retail and upper-floor residential space support a mixed-use configuration on Atlantic Avenue.
Where is this mixed-use property located?
The property is located at 426 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,288,800.
What are key features of this property?
This property features: 3,151‑square‑foot mixed‑use property; Ground‑floor retail with residential space above; Three blocks from Barclays Center
