1236 Atlantic AveBrooklyn, NY 11216

Property Details for 1236 Atlantic Ave

Year built

1931

Lot size

0.36 AC

Property size (Sq ft)

58,759 SF

Zone code

M1-1

Property type

Retail residential properties

APN

01200-0021

APU

12000021

Description

This exceptional 4,350-square-foot flex space at 1236 Atlantic Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, this single-tenant property boasts a highly desirable location on a major thoroughfare, ensuring high visibility and significant traffic flow. Just one block from an LIRR station, accessibility is unparalleled. Originally constructed as a car wash, the building currently serves as a showroom, showcasing its adaptability for diverse uses. The property features robust infrastructure, including 400 amps of 3-phase electric power and extensive floor drains, making it ideally suited for light manufacturing, showroom, or creative businesses. Natural light floods the space from both the front and rear. Access is convenient with one drive-in and a side-door entrance. The property is zoned M, further enhancing its versatility. A neighboring co-tenant, the Micro distiller Faccia Brutto, occupies adjacent space, creating a synergistic environment. This property offers a compelling blend of location, infrastructure, and adaptability, making it an exceptional investment prospect. The zip code is 11216.

• CAP approach

  CAP return

  Valuation

  6%

  $12,046,126

  6.5%

  $11,119,501

  7%

  $10,325,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,900,049

  Geo Method

  $11,900,049

• Alternative Use

  Use

  Valuation

  Residential

  $11,119,501

  Hospitality

  $10,185,403

  Educational

  $8,474,136

  Medical

  $8,765,574

  Retail

  $13,181,989

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6783

Longitude

-73.9515

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].