422 Atlantic Ave Brooklyn, NY 11217
- Commercial real estate
- 830 SF
- 0.04 lot acres
Current Use by Public Records
- Lightspeed PR / Public Relations Firm / Service Establishment
Property Details for 422 Atlantic Ave
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 830 SF
- Zone code
- R6A
- Property type
- Commercial real estate
- APN
- 00184-1001
- APU
- 1841001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9843
- Latitude
- 40.6864
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
