$1,950,000
SOLD
AS OF ABOUT 16 MONTHS AGO
389 Atlantic Avenue in Boerum Hill
SOLD
Excellent mixed use investment property located in commercial heart of Atlantic Avenue. There is a well established, clothing boutique on the ground floor with long-term lease. Upstairs are 3 two bedroom, free market apartments. The building is well maintained with an extremely low historical vacancy rate. The net operating income for 2010 is approximately $122,000, projected NOI for 2011 is $128,000. Lot size is 22.4×80 feet, with a built size of 4,726 square feet. The zoning is R-7A, with an FAR of 4.0, so there is an additional 2,442 square feet of air rights. Pro forma operating statement and rent roll available upon request.
Additional Details at www.corcoran.com
Listed at Corcoran by Nick Arnold and Dan Brady
contact these agents
Local Schools
All school zoning information comes from the New York City Department of Education.
No warranty is made with respect to the accuracy of this information as it may change at any given time. Please consult with the DOE or your broker for the latest information.
District 15 - Schools zoned for this address:
PS 38 the Pacific
(K-5)
Nearby Subways
A
C
G
2
3
2
3
4
5
F
G
B
Q
R
R
A
C
F
B
D
N
R
Q
2
3
4
5
StreetEasy History
- 06/30/2010
- Listed by Corcoran at $2,100,000.
- 08/26/2010
- Price decreased by 7% to $1,950,000.
- 09/27/2010
- Listing entered contract.
- 01/18/2011
- Sale recorded for $(insiders only)
- 01/19/2011
- Listing sold.
