2063 Atlantic Ave Brooklyn, NY 11233
For Sale
1 / 3
This exceptional Brooklyn investment property at 2063 Atlantic Avenue offers 2,314 square feet of versatile commercial space, ideally suited for a variety of uses. The property features two units: a ground-level space previously used as a retail store and automotive repair bay, boasting 12-foot ceilings and a symmetric lift, and a separate upstairs office space with its own entrance. Both units are individually metered, simplifying separate leasing arrangements. The building, constructed in 1924, is a two-story structure situated on a high-traffic street with excellent visibility. The property includes one loading dock and three parking spaces. The permitted zoning is R5. With a total asking price of $1,190,000 ($595,000 per unit), and a price per square foot of $514.26, this property presents a compelling investment opportunity. The building's location provides easy access to major transportation arteries, including the Jackie Robinson Parkway, Interstates 278 & 678, and JFK Airport. A Costar estimate projects an annual rental potential of $92,560 to $113,000, suggesting a projected 8.6% cap rate. The property is being sold vacant, allowing for immediate customization and tenant selection. The 20-foot ceiling height in the main space offers significant storage potential. This property is a rare find in a prime Brooklyn location.
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Gld Flicks NYC INC Photography Service (Bike/Boat/Book/etc) Store
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Ace Tyre Spot LLC (Bike/Boat/Book/etc) Store Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R5 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.