Log In/Sign Up
Your email has been sent.
1845-1849 Atlantic Ave 16 Unit Apartment Building $6,979,600 CAD ($436,225 CAD/Unit) Brooklyn, NY 11233
INVESTMENT HIGHLIGHTS
- 2031 421A EXPIRATION WITH BELOW MARKET RENTS
- STABLE IN-PLACE CASH FLOW WITH VALUE-ADD POTENTIAL
- UPSIDE TO 8.5% CAP RATE WITH SUBSTANTIAL PREFERENTIAL RENTS
- LESS THAN A 5-MINUTE WALK TO RALPH AVE SUBWAY
- EVERY TENANT HAS INDIVIDUAL BOILER AND HOT WATER TANK
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to exclusively present 1845-1849 Atlantic Avenue, two adjacent mixed-use assets located in the rapidly evolving Bedford-Stuvasent section of Brooklyn. Situated directly along Atlantic Avenue, the properties benefit from exceptional visibility, strong foot traffic, and proximity to key retail corridors. Together, the buildings represent a rare opportunity to acquire stable, income-producing assets with immediate upside through an expiring 421-a tax abatement (2031) and below-market in-place rents.
The properties enjoy excellent transportation access, located less than a 5-minute walk to the Ralph Avenue "A" & "C" subway station, providing a direct connection to Downtown Brooklyn and Manhattan. Multiple bus lines also service the corridor, further enhancing accessibility for tenants and customers. The surrounding neighborhood continues to benefit from ongoing residential and commercial growth, creating a strong demand base for both retail and residential tenancy.
The properties enjoy excellent transportation access, located less than a 5-minute walk to the Ralph Avenue "A" & "C" subway station, providing a direct connection to Downtown Brooklyn and Manhattan. Multiple bus lines also service the corridor, further enhancing accessibility for tenants and customers. The surrounding neighborhood continues to benefit from ongoing residential and commercial growth, creating a strong demand base for both retail and residential tenancy.
DATA ROOM Click Here to Access
- Miscellaneous
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$589,518
|
$29.24
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $589,518 |
| Annual Per SF | $29.24 |
PROPERTY FACTS
| Price | $6,979,600 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $436,225 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 16 | Building Size | 20,160 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2004 |
| Zoning | R6 | ||
| Price | $6,979,600 CAD |
| Price Per Unit | $436,225 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 20,160 SF |
| No. Stories | 4 |
| Year Built | 2004 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (96)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,823,272 CAD | |
| Land Assessment | $28,981 CAD | Total Assessment | $1,852,253 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$28,981 CAD
Improvements Assessment
$1,823,272 CAD
Total Assessment
$1,852,253 CAD
CONTACTS
-
Kieran Baker -
Dimitri Venekas -
Jon Squires -
Dylan Walsh -
Nick Kolbus -
Jeremy Stern -
Cushman & Wakefield
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1845-1849 Atlantic Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.