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2531 Atlantic Ave - Availability Details

2531 Atlantic Ave, Brooklyn, NY 11207

  • For Sale $975,000
  • City Brooklyn
  • Neighborhood East New York
  • Zip Code 11207
  • Market Brooklyn
  • Property Type Mixed Use
  • Property Size 3,600 Sqft
  • Lot Size 0.04 Acre
  • Year Built 1910
  • Date Updated 19 Jan, 2021

Vacant Building, needs full renovation, delivered with approved plans for two 5-6 Bedroom/2 Bath apartments over commercial space.  Zoning allows for full commercial use, easy to modify plans to your needs. Located in Opportunity Zone.  All pre development work has been completed, asbestos abated, ACP5 in place.  Delivered fully vacant and ready to pull permits and begin work.  M1 zoning allows for full commercial use as well, residential has been grandfathered in.

Tenant lined up for commercial space and is ready to take possession as soon as renovations are complete if desired.

New copper water main and water meter, new roof and exterior waterproofing of side walls.  Interior needs full gut renovation.

Over $100k NOI once renovated

Great location near many subway lines and LIRR.  Many new developments, office and residential, in the immediate area.

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Location

  • City Brooklyn, NY
  • Neighborhood East New York
  • Zip Code 11207
  • Market Brooklyn

Contacts

broker

Ben Cavicchio

Guinefort Management

Contact Listing Broker

broker

Ben Cavicchio

Guinefort Management

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