4,726 ft²
$380 per ft²
12 rooms
6 beds
3 baths
Mixed-use building
- Boerum Hill
recorded sale
Sold on 1/18/2011
Verified by closing records
Last listed for $1,950,000
Seller's agents
Corcoran
This home has been saved by 6 users.
Listing by Corcoran, Limited Liability Broker | Brokerage Listing ID: 2015106
Common charges
Not applicable
Estimated payment
$10,637/mo
Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.Taxes
$519/mo
Tax abatement
No info
About
Seller’s agent
Buyer’s agent
description
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.
Policies
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Home features
No info on home features
Building amenities
No info on building amenities
About the building
389 Atlantic Avenue
389 Atlantic Avenue, Brooklyn, NY 11217
4 units
4 stories
1920 built
For sale
0 available units for saleFor rent
0 available units for rentDocuments and permits
View documents and permitsProperty history
- Price Change: ↓ $150,000 (-7.1%) on 8/26/10
- Days on market: 203 daysThis is the number of days the listing has been on StreetEasy.
| Date | Price | Event |
|---|---|---|
1/18/2011 | $1,800,000 | Sold by Corcoran |
9/27/2010 | $1,950,000 | In contract |
8/26/2010 | $1,950,000 | Price decreased by 7% |
6/30/2010 | $2,100,000 | Listed by Corcoran |
Past listing photos
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Explore Boerum Hill
Transit
| Location | Distance |
|---|---|
ACGat Hoyt & Schermerhorn | under 500 feet |
23at Hoyt St | 0.19 miles |
2345at Nevins St | 0.24 miles |
BQRat DeKalb Av | 0.25 miles |
FGat Bergen St | 0.27 miles |
About Boerum Hill
Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.
SalesMedian asking price
6 beds
$3.65M
Energetic and inviting, Boerum Hill continues its run as one of New York City's most desirable neighborhoods, all while remaining a secret quietly shared amongst its happy residents. Its appeal and vibrancy stem from its housing stock. Handsome Greek revival and Italianate townhouses line the wide, tree-lined streets. These beautiful brick and limestone buildings have long been a mecca for Brooklynites seeking an enclave close to Downtown Brooklyn and lower Manhattan — but far from crowds and highrises.
Main drags like Bergen Street, Atlantic Avenue, and Smith Street are peppered with charming boutiques like Collier West in addition to welcoming cafes, bars, and restaurants, including Rucola, French Louie, and Bacchus, to name a few. Fans of new construction will find new condo developments too. Saint Marks Place, The Hendrick, The Boerum, and The Bergen have expanded buyers' opportunities. Renters will also find plenty of options here in a broad range of prices, from the genuinely affordable to the luxurious.


























































































































