Listed by FIND Real Estate
$7,600,000
2738 Atlantic Ave
Details
Property Type Retail, Multifamily
Square Footage 15,435
NOI $465,036
Occupancy 100%
Year Built 2025
Lot Size (SqFt) 2,500
Zoning R8A / C4-4D
Ground Lease No
Retail | 15,435 SqFt
Marketing description
Exceptional opportunity to acquire a newly constructed mixed-use building in the rapidly transforming East New York section of Brooklyn, just moments from the J and C subway lines and the Broadway Junction transit hub.
This all-electric, walk-up building features a strong unit mix consisting of 10 residential apartments and 2 commercial components, offering stable long-term income potential in one of Brooklyn’s fastest-growing neighborhoods.
Positioned near the Broadway Junction transportation corridor, the property stands to benefit from massive public and private investment already underway in the area.
The City of New York, the MTA, and educational institutions are collectively investing billions into the surrounding neighborhood, including major transit upgrades, new public spaces, housing developments, and community infrastructure
Investment highlights
- 10 Residential Units
- 3 × Three-Bedroom / 2 Bath Units
- 3 × Two-Bedroom + Home Office / 2 Bath Units
- 3 × Two-Bedroom / 1 Bath Units
- 1 × Studio Apartment
- 1 Commercial Space
- 1 Retail / Professional Space
- Brand New Construction
- All-Electric Building
- Tenants Pay Their Own Utilities
- Walk-Up Property
- 421-a Tax Abatement:
- 25 Years Full Tax Abatement
- Followed by 10 Years of Gradual Tax Increases
- Total of 35 Years of Tax Benefits
Listing Contacts
Listed by FIND Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$465,036.00
$38,753.00/mo
Valuation Metrics
0
DSCR
6.12%
Cap Rate
6.12%
ROI
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