3144 Atlantic AveBrooklyn, NY 11208

Property Details for 3144 Atlantic Ave

Year built

1927

Lot size

0.24 AC

Property size (Sq ft)

32,700 SF

Zone code

C44D

Property type

Industrial properties

Property subtype

Other warehouses

APN

03976-0031

APU

39760031

Description

This exceptional redevelopment opportunity presents a 25,638 square foot lot in Brooklyn, NY, featuring a vacant 78,137 square foot, three-story commercial building. Located at 3144-3156 Atlantic Avenue (zip code 11208), this property boasts 462.5 feet of wraparound frontage, including 202 feet of corner frontage on Atlantic Avenue. The asking price is $18,000,000, translating to $230 per existing square foot or $88 per maximum floor area ratio (FAR). The property is zoned C4-4D/R8A (Mandatory Inclusionary Zone), offering a 7.2 FAR with a fresh bonus, resulting in a total of 204,594 buildable square feet. Permitted use groups include 1, 2, 5, 6, 8, 9, 10, and 12. Benefitting from a prime location, the property is one block from the J/Z train at Norwood Avenue, surrounded by national retailers, and within a 10-minute drive of Resorts World Casino and under 15 minutes from JFK Airport. Direct access to the Belt Parkway provides excellent transportation links. This is a rare chance to acquire a substantial property with significant redevelopment potential in a high-growth area of Brooklyn. The property's size, zoning, and location combine to create a compelling investment opportunity for developers seeking to capitalize on the vibrant Brooklyn real estate market.

• Alternative Use

  Use

  Valuation

  Residential

  $6,188,119

  Hospitality

  $5,668,284

  Educational

  $4,715,946

  Medical

  $4,878,134

  Retail

  $7,335,916

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6793

Longitude

-73.8789

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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