1845-1849 Atlantic Avenue
Expiring 421a Bldgs. | 16 Units | Bed-Stuy
Marketing description
Cushman & Wakefield is pleased to exclusively present 1845-1849 Atlantic Avenue, two
adjacent mixed-use assets located in the rapidly evolving Bedford-Stuvasent section of
Brooklyn. Situated directly along Atlantic Avenue, the properties benefit from exceptional
visibility, strong foot traffic, and proximity to key retail corridors. Together, the buildings
represent a rare opportunity to acquire stable, income-producing assets with immediate
upside through an expiring 421-a tax abatement and below-market in-place rents.
The properties enjoy excellent transportation access, located less than a 5-minute walk to
the Ralph Avenue “A” & “C” subway station, providing a direct connection to Downtown
Brooklyn and Manhattan. Multiple bus lines also service the corridor, further enhancing
accessibility for tenants and customers. The surrounding neighborhood continues to benefit
from ongoing residential and commercial growth, creating a strong demand base for both
retail and residential tenancy.
Investment highlights
• EXCEPTIONAL ATLANTIC AVENUE FRONTAGE
• 2031 421A EXPIRATION WITH BELOW MARKET RENTS
• LESS THAN 5-MINUTE WALK TO RALPH AVE “A” & “C” SUBWAY
• STABLE IN-PLACE CASH FLOW WITH VALUE-ADD POTENTIAL
• BUILT IN 2006
• EVERY TENANT HAS INDIVIDUAL BOILER AND HOT WATER TANK
• UPSIDE TO 8.5% CAP RATE WITH SUBSTANTIAL PREFERENTIAL RENTS
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