101 Atlantic Ave, Brooklyn, NY 11201

Description

TURNKEY! | CAN BE DELIVERED VACANT! | 3-FAMILY PLUS STORE!

101 Atlantic Ave is a massive 25-foot-wide mixed-use townhouse located at the crossroads of Brooklyn Heights and Cobble Hill. Spanning approximately 5,500 square feet, this four-story property consists of three fully renovated large free-market residential apartments and one high-value retail space, presenting a compelling opportunity for an investor or retail end user.

* Massive Income Potential: Features three fully renovated, free-market, full-floor residential apartments (~1,375 SF each) offering strong turnkey income generation.
* The retail layout provides flexibility to lease the 1,160 SF storefront together with the 1,375 SF cellar and 625 SF backyard to maximize commercial value.
* Functions perfectly as an immediate income-producing property with a projected 5% Cap Rate, and the entire building can be delivered vacant.

PROPERTY HIGHLIGHTS
* Size: ~5,500 Sq. Ft. across 4 full stories, plus a cellar, boasting a massive 25-foot width.
* Modern Upgrades: Fully renovated residential apartments feature fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers.
* Historic Charm: Tall ceilings and classic Brooklyn townhouse charm throughout the residential floors, complemented by high ceilings in the ground-floor retail space.

CURRENT CONFIGURATION
* Cellar: Accessory use space (~1,375 SF of bonus space)
* 1st Floor: Retail storefront (~1,160 SF) currently configured as a gym, with access to a 625 SF backyard
* 2nd Floor: 2 Bed / 2 Bath
* 3rd Floor: 2 Bed / 1 Bath
* 4th Floor: 2 Bed / 1 Bath

PROPOSED USAGE
* Restaurant / Retail Destination: The layout lends itself perfectly to a restaurant conversion, utilizing the backyard as a private outdoor dining area and the cellar for additional accessory use.
* Turnkey Investment: Rent out the free-market residential units alongside the highly visible commercial space for a steady, diversified income stream.

LOCATION & TRANSPORTATION
* Neighborhood Staples: Situated on a vibrant stretch of Atlantic Avenue known for its mix of restaurants, boutiques, and specialty grocers. Generates strong daily foot traffic and is just steps from Sahadi's, Trader Joe's, Boutros, and more.
* Borough Hall Station: 2/3 and 4/5 trains (approx. 15 minutes to Lower Manhattan)
* Court Street Station: N/R/W trains (approx. 20 minutes to Lower Manhattan)
* Bergen Street Station: F/G trains (approx. 30 minutes to Midtown)