Located at 220 Atlantic Avenue, Brooklyn, New York 11201, Boerum Hill neighborhood, this Other is for Sale with a price of $4,950,000 USD. The property includes 4 bedrooms, has 2 full baths and 1 partial baths. This listing has 5,240 Sq.Ft. of interior space. See all Homes for Sale in Boerum Hill.
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 220 Atlantic Avenue, Brooklyn, NY.
New Price $4,950,000
220 Atlantic Avenue is a rare opportunity to acquire a residential mixed-use building located in the center of Brooklyn's most vibrant neighborhoods: Cobble Hill - Boerum Hill - Brooklyn Heights - Downtown Brooklyn. The retail property's location offers access to an eclectic shopping demographic that actively benefits from bustling traffic day after day.
The 3 story building, 5,240 rentable sq. ft. over 4 floors, has been gut-renovated with efficient detail from rooftop to the retail lower level. The 2nd and 3rd floor comprises of two free market 2 bedroom apartments, which include washer/dryer, central air and an outdoor deck on floor 2. The ground floor retail space offers a turnkey food production enterprise or restaurant commissary infrastructure loaded with commercial grade stoves, grills, walk-in freezers, and chillers all serviced by code compliant exhaust ventilation out to the roof. An elevator conveniently connects to the retail's lower level providing dishwashing & food prep stations, walk-in refrigerator storage, and valuable production square footage to enhance any food & beverage service establishment.
Proforma: Annual Rental Income $322,800 (Residential + Retail) - $29,900 (Expenses + RE Tax) $292,900 Projected Net Operating Income
Investor or Owner/User, the property can offer immediate cash flow with tenants or can be delivered vacant. Please inquire for details.
Amenities
Dishwasher
Elevator
Washer / Dryer
City View
Air Conditioning
Central A/C
Triplex
Multi-Level
Pets Allowed
Listing By: Douglas Elliman via Data Source: RealPlus MLS
