1845-1849 Atlantic Ave - Apartments FOR SALE


Brooklyn, NY 11233- Bedford-Stuyvesant
$5,000,000 USD
516-974-6694
1845-1849 Atlantic Ave, Brooklyn, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1845-1849 Atlantic Ave
Brooklyn, NY 11233
Bedford-Stuyvesant


HIGHLIGHTS

  • 2031 421A EXPIRATION WITH BELOW MARKET RENTS
  • LESS THAN A 5-MINUTE WALK TO RALPH AVE SUBWAY
  • STABLE IN-PLACE CASH FLOW WITH VALUE-ADD POTENTIAL
  • EVERY TENANT HAS INDIVIDUAL BOILER AND HOT WATER TANK
  • UPSIDE TO 8.5% CAP RATE WITH SUBSTANTIAL PREFERENTIAL RENTS

OVERVIEW

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 (2031) 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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

16

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,540 SF

ZONING

R6

APN/PARCEL ID

01712-0039,01712-0139

ASK ABOUT THIS PROPERTY

Kieran BakerCushman & WakefieldMore Info
516-974-6694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kieran BakerCushman & WakefieldMore Info
516-974-6694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.