286 Atlantic Ave Brooklyn, NY 11201-5715
- Auto shops
- 0.04 lot acres
Nov 05, 2020
Current Use by Public Records
- Auto shops
Property Details for 286 Atlantic Ave
- Lot size
- 0.04 lot acres
- Zone code
- R6A
- Property type
- Auto shops
- APN
- 00181-0023
- APU
- 1810023
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,850,000
- ML approach
- $2,845,000
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9896
- Latitude
- 40.6885
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
