Mixed-Use Apartment and
For Sale
Contact for pricing
Pending
525-541 Atlantic Ave, Brooklyn, NY 11217
Nine consecutive tax class protected mixed-use buildings offer ground-floor retail plus free market and rent-stabilized residences.
Property SizeContact for details
Days on Market150
Property Features for 525-541 Atlantic Ave
General Information
Standard status
Pending
Property subtype
Mixed Use
Additional Details
Multifamily Units
24
Listing Agency:
JLL - New York City, New York
Listed By:
Brendan Maddigan · License #NY 10301206472
(212) 376-5449
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Sep 6 at 10:47PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
Atlantic Gardens consists of nine consecutive tax class protected mixed-use properties located at 525–541 Atlantic Avenue. The portfolio includes approximately 12,000 RSF of ground floor retail space and a total of 24 residential units, made up of 18 free market units and 6 rent stabilized units.
The residential mix includes 1 studio, 11 one-bedroom units, 8 two-bedroom units, and 4 three-bedroom units. The properties are being offered for sale with an assumable CMBS loan in place.
An assumable $15,000,000 CMBS loan is currently in place with 7 years of interest-only remaining at 4.79%.
The residential mix includes 1 studio, 11 one-bedroom units, 8 two-bedroom units, and 4 three-bedroom units. The properties are being offered for sale with an assumable CMBS loan in place.
An assumable $15,000,000 CMBS loan is currently in place with 7 years of interest-only remaining at 4.79%.
Key Highlights
- Nine consecutive tax class protected mixed‑use properties at 525‑541 Atlantic Avenue in Boerum Hill, Brooklyn
- ~12,000 RSF of ground‑floor retail across the properties
- 18 free market and 6 rent‑stabilized units: 1 studio, 11 one‑bedrooms, 8 two‑bedrooms, and 4 three‑bedrooms
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
11,488
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine consecutive tax class protected mixed-use buildings offer ground-floor retail plus free market and rent-stabilized residences.
Where is this mixed-use property located?
The property is located at 525-541 Atlantic Ave Brooklyn, NY.
What are key features of this property?
This property features: Nine consecutive tax class protected mixed‑use properties at 525‑541 Atlantic Avenue in Boerum Hill, Brooklyn; ~12,000 RSF of ground‑floor retail across the properties; 18 free market and 6 rent‑stabilized units: 1 studio, 11 one‑bedrooms, 8 two‑bedrooms, and 4 three‑bedrooms
