Description
This 5,760-square-foot building offers a solid 4.5 percent cap rate and free-market rentals. Two apartments are occupied with no leases, while the commercial space and one apartment will be vacant this summer. The apartments are 60-feet deep and offer high ceilings. The Landmarked building offers attractive original architectural details but could use some love to maximize value and appeal.
Built in 1873, 180 Atlantic Avenue sits within the desirable Cobble Hill Historic District. The Neo-Grec building features a handsome cast-iron facade, including a storefront flanked by original end posts and a bold cornice. Above, large windows feature wrought-iron grilles and gorgeous arched and shouldered enframements. Topped by an extra-tall ornate cornice, the historic structure is unlike anything else in the area.
Located on Cobble Hill's main thoroughfare, the building offers equal appeal for future commercial and residential tenants alike. The storefront benefits from substantial foot traffic in this desirable position near the intersection of Court and Atlantic. Here, a wealth of local shops, restaurants and nightlife venues sit shoulder-to-shoulder with popular national chains, like CVS, Trader Joe's and Urban Outfitters. Nestled within Brooklyn's coveted BoCoCa area, this accessible district is surrounded by Downtown Brooklyn, the MetroTech Center, BAM, Barclays Center, Atlantic Terminal and Pacific Park. Abundant transportation options include excellent bus service and CitiBike stations, and nearly every subway line in the city including R, 2/3, 4/5, F, G and A/C trains can be found within a half-mile.
Building Features 4 Floors3 Units
Unit Features
$4,035,000 / $700 per ft²
Sold: Jul 22, 2021
0.9% above ask / 39 Days to Sell
5 Beds / 3 Baths - / 5,760 ft²
Total Monthly expenses: $2,775
Maintenance: - / R.E. Taxes $2,775
Other Details:
Mixed Use (1-6 Family)
Lot Size: 21.75' x 80.0' Built: 22.0' x 60.0'
Zoning: S1-5, S9
Exclusively listed with: Compass
Fouad
Rahm
fouad.rahme@compass.com
646.207.6081
Grace
Rahm
grace.rahme@compass.com
(949) 275-7777
Unit listing history
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