220 Atlantic Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
220 Atlantic Ave
1,500 SF 100% Leased Retail Building Brooklyn, NY 11201 £3,293,037 (£2,195/SF) 6.98% Net Initial Yield
Investment Highlights
- 2nd & 3rd floor comprises of two free market 2 bedroom apartments, which include washer/dryer, central air and an outdoor deck (flr 2).
- Commissary Kitchen can fit up to 10-15 cooks and features a wide range of smallwares and cooking equipment (info upon request).
- Commissary Kitchen comprised of 2 levels, 1500 SF with elevator for short-term and long-term engagements w/ Designated loading zone.
- CK elevator conveniently connects to the retail’s lower level providing dishwashing & food prep stations, walk-in refrigerator storage.
Executive Summary
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 220 Atlantic Avenue, Brooklyn, NY.
Improved Price $4,195,000 as of 08/01/2024
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 220 Atlantic Avenue, Brooklyn, NY.
Perfect owner/user opportunity. Pristine mixed-use building with 2 free market apartments over an impressive retail commercial kitchen build out. Located in the center of Brooklyn’s most vibrant neighborhoods: Cobble Hill - Boerum Hill - Brooklyn Heights - Downtown Brooklyn.
The 3 story building has been gut-renovated with efficient detail from roof top to the retail lower level. The 2nd and 3rd floor comprise of two free market 2 bedroom apartments, which include washer/dryer, central air and an outdoor deck serving the 2nd floor apartment.
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 dish washing & food prep stations, walk-in refrigerator storage, and valuable production square footage to enhance any food & beverage service establishment.
Proforma: Annual Rental Income $307,200 (Residential + Retail) - $30,365 (Annual Expenses + RE Tax) $276,835 Projected Net Operating Income.
Please contact the broker to discuss and arrange tour.
Improved Price $4,195,000 as of 08/01/2024
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 220 Atlantic Avenue, Brooklyn, NY.
Perfect owner/user opportunity. Pristine mixed-use building with 2 free market apartments over an impressive retail commercial kitchen build out. Located in the center of Brooklyn’s most vibrant neighborhoods: Cobble Hill - Boerum Hill - Brooklyn Heights - Downtown Brooklyn.
The 3 story building has been gut-renovated with efficient detail from roof top to the retail lower level. The 2nd and 3rd floor comprise of two free market 2 bedroom apartments, which include washer/dryer, central air and an outdoor deck serving the 2nd floor apartment.
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 dish washing & food prep stations, walk-in refrigerator storage, and valuable production square footage to enhance any food & beverage service establishment.
Proforma: Annual Rental Income $307,200 (Residential + Retail) - $30,365 (Annual Expenses + RE Tax) $276,835 Projected Net Operating Income.
Please contact the broker to discuss and arrange tour.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
B
Year Built
1800
Price
£3,293,037
Price Per SF
£2,195
Net Initial Yield
6.98%
NOI
£229,924
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
9 ft
Building FAR
0.57
Land Acres
0.06 AC
Zoning
R6A - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location
Frontage
14 ft on Atlantic Ave
Amenities
- Bus Route
- Public Transport
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Apple Downtown Brooklyn
- Retailer
- -
- -
- -
- Francie
- Accommodation and Food Services
- -
- -
- -
- Target
- -
- -
- -
- -
- Trader Joe's
- Retailer
- -
- -
- -
- Whole Foods Market
- Retailer
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Apple Downtown Brooklyn | Retailer | - | - | - | ||
| Francie | Accommodation and Food Services | - | - | - | ||
| Target | - | - | - | - | ||
| Trader Joe's | Retailer | - | - | - | ||
| Whole Foods Market | Retailer | - | - | - |
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00278-0025 | Improvements Assessment | £177,942 |
| Land Assessment | £27,223 | Total Assessment | £205,165 |
PROPERTY TAXES
Parcel Number
00278-0025
Land Assessment
£27,223
Improvements Assessment
£177,942
Total Assessment
£205,165
-
Louis Puopolo -
Chanda Colón -
Douglas Elliman Commercial Real Estate
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
220 Atlantic Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.