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262 Atlantic Ave
Brooklyn, NY 11201 Boerum Hill

$32,700,000 USD

Storefront For Sale  •  28,112 SF

Property Details

  • Property Type Storefront
  • Total Building Size 28,112 SF
  • Lot Size 0.24 AC
  • Building Class A
  • Year Built 2017
  • Tenancy Multiple
  • Zoning R6A
100 Transit Score
100 Walk Score

Highlights

Newly constructed retail asset completed in 2021 with 150 feet of frontage along Atlantic Avenue.
Located in Boerum Hill, one of Brooklyn’s most affluent neighborhoods with strong daily pedestrian activity.
Fully leased to Five Below and the New York City School Construction Authority on long-term lease terms.
Assumable financing in place at a 3.50% interest rate through 2032
Long-term 25-year ICAP tax abatement provides tax benefits through 2045.
Institutional-quality asset offering in-place cash flow with limited day-to-day management requirements.

Public Transportation

Commuter RailDriveWalkDistance
4 min 17 min 0.9 mi
9 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Bergen Street (F,G Line) (F - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
Borough Hall-Court Street (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Hoyt Street-Schermerhorn Street (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway)) 1 min 7 min 0.3 mi
Jay Street-Borough Hall (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
Lawrence Street-MetroTech (M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 20 min - 10.1 mi
Newark Liberty International 26 min - 14.8 mi
John F Kennedy International 29 min - 14.8 mi
Scott Plasky 917-539-0402 Marcus & Millichap
Scott Plasky 917-539-0402 Marcus & Millichap