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    345 Atlantic Ave Brooklyn, NY 11201

    Sponsored
    For Sale
    $4,300,000

    Renovated, Vacant, High-Potential Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a renovated apartment building located at 345 Atlantic Ave, Brooklyn, NY 11201, in Kings County. Offered at $4,300,000, this multifamily property is currently vacant, presenting a unique chance for an owner-user or savvy investor to capitalize on its prime location and recent upgrades. The building has undergone significant renovations, with the owner investing $1 million in improvements. The exact number of units is currently unavailable. This property sits in a highly desirable Brooklyn neighborhood, offering easy access to various amenities and transportation options. The address is strategically positioned at 40.6880015 latitude and -73.9871034 longitude, ensuring high visibility and accessibility. Given the substantial investment in renovations and the strategic location, this property presents a compelling opportunity for significant return on investment. The current cap rate is not available. Serious inquiries are encouraged to explore the full potential of this exceptional property. Detailed financial information and property specifics are available upon request. This is a rare chance to acquire a renovated building in a prime Brooklyn location, ready for immediate occupancy or lease. Don't miss this chance to secure a valuable asset in a thriving market.

    Property Features for 345 Atlantic Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $4,300,000 asking price.
    • Multifamily apartment building in Brooklyn, NY.
    • Located at 345 Atlantic Ave, Brooklyn, NY 11201.
    • Prime location.
    • $1 million in recent renovations.
    • Currently vacant; ideal for owner‑user.
    Property Profile Location Intelligence

    Current Use by Public Records

    Free Range Wine ... Wine Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9871034
    Latitude
    40.6880015

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    FAQs

    What type of property is this?
    Multifamily property - Renovated, Vacant, High-Potential Investment
    Where is this multifamily property located?
    The property is located at 345 Atlantic Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price.; Multifamily apartment building in Brooklyn, NY.; Located at 345 Atlantic Ave, Brooklyn, NY 11201.
    Request Owner's contact information
    345 Atlantic Ave Brooklyn, NY 11201
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    Brooklyn, NY 11201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    345 Atlantic Ave Brooklyn, NY 11201
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