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1845-1849 Atlantic Ave
Brooklyn, NY 11233 Bedford-Stuyvesant

$5,000,000 USD

Apartments For Sale  •  20,160 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,160 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 2004
  • Zoning R6
96 Transit Score
88 Walk Score

Highlights

2031 421A EXPIRATION WITH BELOW MARKET RENTS
LESS THAN A 5-MINUTE WALK TO RALPH AVE SUBWAY
STABLE IN-PLACE CASH FLOW WITH VALUE-ADD POTENTIAL
EVERY TENANT HAS INDIVIDUAL BOILER AND HOT WATER TANK
UPSIDE TO 8.5% CAP RATE WITH SUBSTANTIAL PREFERENTIAL RENTS

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $422,315 USD (2025)

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Smoke Free
  • Kitchen
  • Tub/Shower
  • Wheelchair Accessible (Rooms)
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 4 min - 1.3 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Ralph Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Utica Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
Crown Heights-Utica Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
Halsey Street (J Line) (J - New York MTA Subway (The Subway)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
John F Kennedy International 21 min - 9.5 mi
LaGuardia 23 min - 9.7 mi
Newark Liberty International 34 min - 18.2 mi
Kieran Baker 516-974-6694 Cushman & Wakefield
Kieran Baker 516-974-6694 Cushman & Wakefield