R7A/C2-4 Mixed-Use Development
For Sale
$16,000,000
547 Atlantic Avenue, Brooklyn, NY 11217
Assemblage offers R7A/C2-4 zoning for mixed-use development near major transit and Barclays Center.
Property Size7,590 SF
Price / SF$2,108
Days on Market78
Property Features for 547 Atlantic Avenue
General Information
Standard status
Active
Size
7,590 SF
Property subtype
Unimproved Land
Zoning
R7A/C2-4
Taxes and HOA fees
Annual Taxes
$24,312
Building Details
Building Size
7,590 SF
Year Built
1900
Listing Agency:
GW Realty Inc.
(917) 449-3902
Listed By:
Mari Mineh
(917) 449-3902
Source:
Penrealty
Added: Jun 8
Changed: Aug 23
Last Checked: Aug 23 at 6:52AM
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 GW Realty Inc.
Investment Insights
Based on property information with market context.
An assemblage opportunity at 545-549 Atlantic Avenue, totaling approximately 21,600 buildable square feet and located within the R7A/C2-4 zoning district. The offering is presented as a redevelopment site with flexibility for mixed-use concepts, including a proposed boutique hotel program featuring 55 to 75 keys, along with integrated ground-floor retail, a wellness or spa component, and a rooftop lounge or event space.
The site benefits from its Downtown Brooklyn setting and strong transit connectivity, with multiple subway lines providing convenient access. It is positioned just moments from Barclays Center and Atlantic Terminal, supporting a built environment where visitors and business travelers move between events, transit, and local destinations.
For developers and hospitality-focused investors, this land offering provides a centrally located platform for a mixed-use hotel development paired with retail and structured revenue components tied to food and beverage operations, retail leasing, parking, and event or meeting space. Because development potential is subject to approvals and compliance with applicable zoning and regulations, buyers are encouraged to conduct their own due diligence regarding zoning, feasibility, and permitted uses.
The site benefits from its Downtown Brooklyn setting and strong transit connectivity, with multiple subway lines providing convenient access. It is positioned just moments from Barclays Center and Atlantic Terminal, supporting a built environment where visitors and business travelers move between events, transit, and local destinations.
For developers and hospitality-focused investors, this land offering provides a centrally located platform for a mixed-use hotel development paired with retail and structured revenue components tied to food and beverage operations, retail leasing, parking, and event or meeting space. Because development potential is subject to approvals and compliance with applicable zoning and regulations, buyers are encouraged to conduct their own due diligence regarding zoning, feasibility, and permitted uses.
Key Highlights
- Assemblage at 545‑549 Atlantic Avenue in Downtown Brooklyn
- R7A/C2‑4 zoning; approximately 21,600 buildable square feet
- Boutique hotel development concept proposed: 55‑75 keys with ground‑floor retail
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Assemblage offers R7A/C2-4 zoning for mixed-use development near major transit and Barclays Center.
Where is this commercial land located?
The property is located at 547 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Assemblage at 545‑549 Atlantic Avenue in Downtown Brooklyn; R7A/C2‑4 zoning; approximately 21,600 buildable square feet; Boutique hotel development concept proposed: 55‑75 keys with ground‑floor retail
