For Sale
$2,400,000

286 Atlantic Ave Brooklyn, NY 11201

6,800 SF Land, Approved Plans

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 6,800 square foot development site in Boerum Hill, Brooklyn, is offered at $2,400,000 ($350/SF). The property boasts pre-approved Department of Buildings plans for a 6,797 gross square foot condominium project, readily available for review. Projected condo sellouts exceed $7.5 million based on achievable per-unit pricing, aligning with the neighborhood's average of $1,550 per square foot. The site will be entirely vacant upon closing, eliminating demolition costs. A zoning lot merger with an adjacent property unlocks increased density and a larger floor plate above the fourth floor, maximizing development potential. Its prime location offers unparalleled accessibility, situated within blocks of multiple subway lines (2/3/4/5/A/C/F/G/B/Q/R) and a quarter-mile from the Brooklyn-Queens Expressway (BQE). Furthermore, it enjoys proximity to Atlantic Terminal, Barclays Center, and Brooklyn Bridge Park, all within a half-mile radius. Boerum Hill's desirable blend of historic charm, tree-lined streets, diverse culinary options, and a mix of retail establishments completes this compelling investment opportunity. The property is zoned R6A/C2-4.

Highlights

  • DOB-approved plans for a 6,797 SF condo project are available.
  • Projected condo sellouts exceed $7.5M, based on achievable per-unit pricing and neighborhood averages.
  • Property is 100% vacant at closing; no demolition costs.
  • Zoning lot merger allows for increased density and larger upper floor plates.
  • Excellent accessibility: blocks from multiple subway lines and 1/4 mile from the BQE.
  • Prime location: near Atlantic Terminal, Barclays Center, and Brooklyn Bridge Park.

Property Details for 286 Atlantic Ave

Property type
Land

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6884781
Longitude
-73.9895687

FAQs

What type of property is this?
Land - 6,800 SF Land, Approved Plans
Where is the land located?
The property is located at 286 Atlantic Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: DOB-approved plans for a 6,797 SF condo project are available.; Projected condo sellouts exceed $7.5M, based on achievable per-unit pricing and neighborhood averages.; Property is 100% vacant at closing; no demolition costs.
How can I contact the broker?
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286 Atlantic Ave
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