Property profile

286 Atlantic Ave Brooklyn, NY 11201

OFF-MARKET
Auto shops
Property ID
US63-4503464
0.04 ac lot
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6,800 square foot development site in Boerum Hill, Brooklyn, is offered at $2,400,000 ($350/SF). The property boasts pre-approved Department of Buildings plans for a 6,797 gross square foot condominium project, readily available for review. Projected condo sellouts exceed $7.5 million based on achievable per-unit pricing, aligning with the neighborhood's average of $1,550 per square foot. The site will be entirely vacant upon closing, eliminating demolition costs. A zoning lot merger with an adjacent property unlocks increased density and a larger floor plate above the fourth floor, maximizing development potential. Its prime location offers unparalleled accessibility, situated within blocks of multiple subway lines (2/3/4/5/A/C/F/G/B/Q/R) and a quarter-mile from the Brooklyn-Queens Expressway (BQE). Furthermore, it enjoys proximity to Atlantic Terminal, Barclays Center, and Brooklyn Bridge Park, all within a half-mile radius. Boerum Hill's desirable blend of historic charm, tree-lined streets, diverse culinary options, and a mix of retail establishments completes this compelling investment opportunity. The property is zoned R6A/C2-4.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.04 ac (1,801 SF)
Zoning code R6A
APN 00181-0023
UPID US63-4503464

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

286 Atlantic Ave Brooklyn, NY 11201-5715
Brooklyn metro Census 4300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.85M

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2026
$75,000
2026
$2.2M
2026
Price N/A
2021
Price N/A
2020
Price N/A
2020
Price N/A

Zoning & alternative use

R6A · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 286 Atlantic Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message