177 Atlantic Avenue
177 Atlantic Avenue
Permanently Off Market
Permanently Off Market
Description
177 Atlantic Ave is a massive 25' wide mixed-use townhouse at the crossroads of Brooklyn Heights and Cobble Hill. At approximately 6250 SF, this four story townhouse consists of three large free market apartments and one high value retail space. This offering presents a substantial opportunity for an investor or retail end user.
The retail space is fully built...OPEN HOUSE AND SHOWINGS BY APPOINTMENT ONLY. For times and more info, click or copy/paste link: https://www.thesbnteam.com/177-atlantic-ave
177 Atlantic Ave is a massive 25' wide mixed-use townhouse at the crossroads of Brooklyn Heights and Cobble Hill. At approximately 6250 SF, this four story townhouse consists of three large free market apartments and one high value retail space. This offering presents a substantial opportunity for an investor or retail end user.
The retail space is fully built out as a sushi restaurant with high ceilings and bonus cellar storage that contains a walk in fridge and freezer and other additional storage and accessory use spaces. The restaurant is over 2000 SF (approx.) with another 2000+ SF of bonus cellar space. This strip of Atlantic Ave has an abundance of restaurants, boutiques, and grocery stores that draw in high foot traffic. 177 Atlantic Ave is just steps from local neighborhood favorites such as Sahadi's, Trader Joe's, Boutrous and much much more.
Above the retail space is three apartments, each with extra tall ceilings, and original Brooklyn townhouse charm.
The first residential unit is a newly renovated 3 Bed 2 Bath apartment with all the amenities including in-unit washer dryer (fully vented), all new stainless steel appliances, dishwasher and split unit central A/C. The other two 3 Bed 1 Bath units provide a value add opportunity for a buyer to renovate and increase the rents. Each floor is approximately 1375 SF. High income potential. Please inquire for offering memorandum.
Building is fully occupied.
This offering is priced to sell at under $900/SF in an area where townhouses easily go for over $1,500/SF.
Projected 5.8% Cap Rate.
Configuration:
Cellar: Accessory Use Space
1st Floor: Restaurant - Vacant
2nd Floor: 3 BR 2 BA
3rd Floor: 3 BR 1 BA
4th Floor: 3 BR 1 BA
Transportation:
- Borough Hall 2/3 & 4/5 Line - Just 15 minutes into Lower Manhattan
- Court Street Station N/R/W Line - Just 20 minutes into Lower Manhattan
- Bergen St F/G Line - Just 30 minutes into Midtown
Listing Agents
- kellen.koon@compass.com
P: 631.626.9878
![Helen Chee]()
helen@compass.comP: 347.733.5801
![Rezwan Sharif]()
rezwan@compass.comP: 917.434.1920
![the SBN team]()
Amenities
- Decorative Mouldings
- Hardwood Floors
- Parquet Floors
- High Ceilings
- Walk Up
- Voice Intercom
- Northeastern Exposure
- Full Basement
Location
Property Details for 177 Atlantic Avenue
| Status | Permanently Off Market |
|---|---|
| Days on Market | 251 |
| Taxes | - |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 22.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 2,125 SF / 25' x 85' |
| County | Kings County |
Building
177 Atlantic Ave
Location
Virtual Tour
Building Information for 177 Atlantic Avenue
Payment Calculator
$29,470 per month
30 year fixed, 7.25% Interest
$29,470
$0
$0
Property History for 177 Atlantic Avenue
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 177 Atlantic Avenue
Schools near 177 Atlantic Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Zipporiah Mills PublicPK to 5 | ||
School For International Studies Public6 to 12 | ||
Brooklyn Frontiers High School Public9 to 12 | ||
Digital Arts and Cinema Technology High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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