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Property profile & analytics
OFF-MARKET Estimated value $16,970,000
Retail residential properties

1236 Atlantic Ave 57 Brooklyn, NY 11216-2771

58,759 SF 0.36 ac lot Built 1931
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US63-5566478
Property summary
AI-generated overview

This exceptional 4,350-square-foot flex space at 1236 Atlantic Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, this single-tenant property boasts a highly desirable location on a major thoroughfare, ensuring high visibility and significant traffic flow. Just one block from an LIRR station, accessibility is unparalleled. Originally constructed as a car wash, the building currently serves as a showroom, showcasing its adaptability for diverse uses. The property features robust infrastructure, including 400 amps of 3-phase electric power and extensive floor drains, making it ideally suited for light manufacturing, showroom, or creative businesses. Natural light floods the space from both the front and rear. Access is convenient with one drive-in and a side-door entrance. The property is zoned M, further enhancing its versatility. A neighboring co-tenant, the Micro distiller Faccia Brutto, occupies adjacent space, creating a synergistic environment. This property offers a compelling blend of location, infrastructure, and adaptability, making it an exceptional investment prospect. The zip code is 11216.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1931
Total area 58,759 SF
Lot 0.36 ac (15,817 SF)
Zoning code M1-1
APN 01200-0021
UPID US63-5566478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Micromobility.com Brooklyn Cycling Facility (Bike/Boat/Book/etc) Store
  • RAMZY TELLEY Artist
  • Faccia Brutto Spirits LLC Big Box & Wholesale Store Bar & Pub
  • 1236 Atlantic LLC Moving Company
  • Poppies Floral (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$16.97M
Owner & transaction history
Workable Atlantic LLC · 7 yrs held
Workable Atlantic LLC
since 2018
7 recorded transactions
2019
Price N/A
2018
$17.1M
2017
Price N/A
2016
Price N/A
2008
$9.7M
2005
Price N/A
2001
$2.3M
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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