Commercial 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 Market70
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.
(917) 449-3902
Listed By:
Mari Mineh
(917) 449-3902
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 16 at 3:06PM
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 0.124-acre assemblage at 547 Atlantic Avenue includes 7,590 square feet of land and approximately 21,600 buildable square feet. The proposed development concept combines a 55- to 75-key boutique hotel with ground-floor retail, parking, and a wellness or spa component. Additional program elements include a rooftop lounge or event space.
The site is in Downtown Brooklyn near Barclays Center and Atlantic Terminal, with access to multiple subway lines. Its Atlantic Avenue frontage and proximity to business, tourism, family, university-related, and event-driven activity are identified as components of the proposed hospitality concept. Zoning and development parameters should be independently verified through buyer due diligence.
The site is in Downtown Brooklyn near Barclays Center and Atlantic Terminal, with access to multiple subway lines. Its Atlantic Avenue frontage and proximity to business, tourism, family, university-related, and event-driven activity are identified as components of the proposed hospitality concept. Zoning and development parameters should be independently verified through buyer due diligence.
Key Highlights
- 0.124‑acre assemblage with 7,590 square feet of land
- Approximately 21,600 buildable square feet
- Proposed 55- to 75‑key boutique hotel concept
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The property is presented with a proposed boutique hotel, retail, and parking concept.
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: 0.124‑acre assemblage with 7,590 square feet of land; Approximately 21,600 buildable square feet; Proposed 55- to 75‑key boutique hotel concept
