Mixed-Use Development
For Sale
$16,000,000
547 Atlantic Avenue lot 49, Brooklyn, NY 11217
Land, Brooklyn, NY
Property Size7,590 SF
Lot Size0.12 Acres
Price / SF$2,108
Days on Market96
Property Features for 547 Atlantic Avenue lot 49
General Information
Property type
Land
Property subtype
Other
Zoning
R7A DB C2-
Subdivision
Boerum Hill
Standard status
Active
Size
7,590 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
24312
Building Details
Year built
1900
Floors in Building
3
Listing Agency:
GW Realty Inc.
Listed By:
Mari Mineh
(917) 449-3902
Added: Jun 8
Changed: Aug 20
Last Checked: Sep 11 at 6:06PM
MLS# 502110
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land parcel in Brooklyn encompasses 0.124 acres, or 7,590 square feet, with approximately 21,600 buildable square feet identified for future development. A proposed program includes a boutique hotel with 55–75 keys, ground-floor retail, parking, and additional hospitality-oriented components such as wellness, food and beverage, and event space.
The site is positioned on Atlantic Avenue near Barclays Center and Atlantic Terminal, with access to multiple subway lines. Its location places the property within Downtown Brooklyn and supports consideration of a mixed-use development concept combining lodging and retail elements.
The site is positioned on Atlantic Avenue near Barclays Center and Atlantic Terminal, with access to multiple subway lines. Its location places the property within Downtown Brooklyn and supports consideration of a mixed-use development concept combining lodging and retail elements.
Key Highlights
- Approximately 21,600 buildable square feet
- 0.124‑acre parcel totaling 7,590 square feet
- Proposed boutique hotel program with 55–75 keys
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,488
Businesses Nearby
203k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 25%
Apparel 18%
Hotels & Casinos 6%
Chick-fil-A
Dining
35,688 visits/mo
0.3 miles
Shell
Shops & Services
22,155 visits/mo
0.2 miles
Shake Shack
Dining
18,217 visits/mo
0.3 miles
Goodwill
Apparel
18,116 visits/mo
0.3 miles
TD Bank
Shops & Services
15,811 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Brooklyn parcel with Atlantic Avenue frontage and a proposed hotel, retail, and parking program.
Where is this commercial land located?
The property is located at 547 Atlantic Avenue lot 49 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: Approximately 21,600 buildable square feet; 0.124‑acre parcel totaling 7,590 square feet; Proposed boutique hotel program with 55–75 keys
