389 Atlantic Avenue in Boerum Hill
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 x 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
No longer available as of about 2 years ago
89 days on market in StreetEasy
More In This Building
389 Atlantic Avenue
Brooklyn, NY 11217
Sales listings: 1 previous
Rentals listings: 1 previous
Local Schools
All school zoning information applies only to the current school year and 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:
All school zoning information applies only to the current school year and 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.
PS 38 the Pacific
(K-5)
Nearby Transit
A
C
G
at Hoyt & Schermerhorn (under 500 feet)
2
3
at Hoyt St (0.2 miles)
2
3
4
5
at Nevins St (0.3 miles)
F
G
at Bergen St (0.3 miles)
B
Q
R
at DeKalb Av (0.3 miles)
R
at Lawrence St (0.3 miles)
A
C
F
at Jay St-Borough Hall (0.4 miles)
B
D
N
R
Q
2
3
4
5
at Atlantic Av (0.4 miles)
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
- Listing sold.
- 01/18/2011
- Sale recorded for $(insiders only)
