2063 Atlantic Ave Brooklyn, NY 11233

Property Details for 2063 Atlantic Ave

Year built

1924

Lot size

0.07 lot acres

Property size

1,350 SF

Zone code

R5

Property type

Investment properties

Property subtype

Retail residential properties

APN

01566-0042

APU

15660042

Description

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.