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    422 Atlantic Ave Brooklyn, NY 11217

    Sponsored
    For Sale
    $850,000

    Prime Brooklyn retail space, 7.5% cap rate.

    Property size:
    686 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property at 422 Atlantic Avenue in Boerum Hill, Brooklyn, offers a compelling investment opportunity. The 686 square foot space is currently 100% occupied under a NNN lease, providing a stable income stream with a strong 7.50% capitalization rate. The asking price is $850,000. Located in the heart of Downtown Brooklyn, this vibrant and diverse neighborhood boasts a mix of residential, commercial, and cultural attractions. The property benefits from unparalleled transportation access, with multiple subway lines (A, C, G, 2, 3, 4, and 5) within a two-block radius, serving over 14 million annual riders. The surrounding area features over 7,000 residential units, creating a robust and thriving community. The Barclays Center, a major sports and entertainment venue, is a short five-minute walk away, further enhancing the property's appeal and potential for high foot traffic. The space will be delivered vacant upon closing. This presents a unique chance to acquire a well-situated retail property in a high-demand location with excellent growth potential. The single-unit property is ideal for owner-occupancy or continued lease income.

    Property Features for 422 Atlantic Ave

    General Information

    Property type
    Retail properties
    Square Feet
    686 SF

    Building Details

    Units
    1

    HighLights

    • 686 square foot retail space at 422 Atlantic Avenue, Boerum Hill, Brooklyn.
    • Currently 100% occupied under a NNN lease with a 7.50% cap rate.
    • Asking price: $850,000.
    • Excellent location in Downtown Brooklyn with high foot traffic near Barclays Center and multiple subway lines.
    • Delivered vacant upon closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lightspeed PR Public Relations Firm

    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
    -73.9842473
    Latitude
    40.6864945

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    FAQs

    What type of property is this?
    Retail property - Prime Brooklyn retail space, 7.5% cap rate.
    Where is this retail property located?
    The property is located at 422 Atlantic Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 686 square foot retail space at 422 Atlantic Avenue, Boerum Hill, Brooklyn.; Currently 100% occupied under a NNN lease with a 7.50% cap rate.; Asking price: $850,000.
    (212) 417-9217
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    Brooklyn, NY 11217
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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
    422 Atlantic Ave Brooklyn, NY 11217
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