452 Atlantic Avenue Brooklyn, NY 11217

Listing Agency New York City Office s***@ipausa.com Show Phone

Listed by Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754 Show Phone

Source Marcusmillichap

Added: Jul 17 Checked: Jul 19 at 1:46 am

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Investment Insights

Based on property information with market context.

Marcus & Millichap is pleased to offer 452 Atlantic Avenue, an income-producing multifamily property in brownstone Brooklyn. The building consists of eight units, with a mix of one studio, three one-bedroom apartments, and four two-bedroom apartments. The unit mix is anchored by five free-market apartments, which generate roughly 80% of in-place rental income.

The rent roll includes a combination of free-market and rent-stabilized units. Free-market rents average approximately $4,070 per month, led by a standout duplex two-bedroom with a large private backyard and a convertible third bedroom. The three rent-stabilized one-bedrooms round out the remaining income base, supporting a stable, below-market profile with modest, predictable annual increases.

The offering is presented with a stated 6.00% return metric.

Key Highlights

• Eight‑unit multifamily building with a mix of 1 studio, 4 two‑bedroom, and 3 one‑bedroom apartments
• Free‑market apartments account for roughly 80% of in‑place rental income, with free‑market rents averaging about $4,070/month
• Rent mix includes three rent‑stabilized one‑bedrooms designed to provide stable, below‑market income with modest annual increases

Property Analytics

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FAQs

What type of property is this?

Apartment building - Eight-unit rental building featuring studios and one- and two-bedroom apartments, with free-market units driving the majority of income.

Where is this apartment building located?

The property is located at 452 Atlantic Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $3,850,000.

What are key features of this property?

This property features: Eight‑unit multifamily building with a mix of 1 studio, 4 two‑bedroom, and 3 one‑bedroom apartments; Free‑market apartments account for roughly 80% of in‑place rental income, with free‑market rents averaging about $4,070/month; Rent mix includes three rent‑stabilized one‑bedrooms designed to provide stable, below‑market income with modest annual increases