Building Overview 176 Atlantic Avenue is a five-unit mixed-use property on one of Cobble Hill’s most prominent commercial corridors. The asset features three free-market residential units and two fully leased ground-floor retail spaces, generating $487,494 in current gross income. The diversified income stream and prime Atlantic Avenue frontage position the property within one of Brooklyn’s most sought-after and consistently trafficked corridors. Finished Product The property is a fully stabilized, turn-key investment with no lease-up risk or near-term capital needs. All units are occupied, with residential rents averaging $7,033/month and finished to a condo-quality standard. The building benefits from a Tax Class 2A designation, providing long-term tax stability. At a $6,500,000 ask, the asset achieves a 5.9% cap rate on $386,500 of NOI, with upside to $400,762, offering immediate, durable cash flow from closing. Strong Retail Tenancy The retail component generates $231,456 annually (~47% of gross income), with both spaces fully leased and providing meaningful income diversification. Located along Atlantic Avenue, a historically strong and high-foot-traffic corridor, the tenancy blends stability and growth, anchored by Yemen Cafe, a long-standing neighborhood staple, and Sheba Bees, an emerging, award-winning concept— creating a resilient and well-balanced commercial profile.