452 Atlantic Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11217

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Investment Figures

Cap rate
6.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 452 Atlantic Avenue, an opportunity to acquire a predominantly free-market, income-producing multifamily asset in the heart of brownstone Brooklyn, on the doorstep of Downtown Brooklyn and the Atlantic Terminal transit hub. The building’s eight units comprise a well-balanced mix of one studio, four two-bedrooms, and three one-bedrooms, anchored by five free-market apartments that generate roughly 80% of in-place rental income. Free-market rents average approximately $4,070 per month, led by a standout duplex two-bedroom with a large private backyard and convertible third bedroom. The three rent-stabilized one-bedrooms round out the rent roll with a stable, below-market income base and modest, predictable annual increases. Investment Highlights: • 452 Atlantic Avenue is a four-story, 6,000-square-foot multifamily building. • Zoning: R6A | Tax Class: 2B | 1,125 Total Air Rights • 452 Atlantic Avenue has excellent connectivity to the rest of NYC, with access to the 2,3,4,5,C,B,D,N,Q,R,A,C,F & G Subway lines as well as the LIRR.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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