220 Atlantic Avenue,
Brooklyn,
NY
11201
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.
