Presented by
Wendy Reservitz |
379 ATLANTIC Avenue, Brooklyn (Boerum Hill), NY, 11217 | $4,200,000
Rare Opportunity on Atlantic Avenue: A 4-Story Gem with Endless Possibilities!
Seize this grand investment opportunity:
Property class three family with one store or office (S3)
Historic district Boerum Hill Extension
Building dimensions 22x52ft
Lock dimensions 22. 42ftX80ft
Over 3000 ft. of unused space available
All dimensions per PROPERTY SHARK
Opportunity in one of the most vibrant and sought-after locations in the city! Situated on iconic Atlantic Avenue, this four-story building is delivered vacant, offering a blank canvas to create your dream property. Whether you're a savvy developer, an ambitious investor, or an owner-occupant with a vision, this property is your chance to design a legacy.
Key Features:
Two spacious bedrooms per floor-perfect for rentals, a multi-family setup, or a luxurious single-family conversion.
Full basement for additional storage, workspace, or creative possibilities.
Expansive backyard-a rare find in this prime urban location, ideal for entertaining, gardening, or outdoor retreats.
Room to build up-unlock even more potential with added floors, subject to zoning approval.
Prime Location:
Nestled in a stellar neighborhood filled with upscale artisan shops, trendy restaurants, and cultural hotspots.
Close to all major transportation hubs for unmatched convenience.
A short stroll to shopping, parks, and everything you need for city living at its finest.
Potential Galore:
This property is perfect for renovators with a vision! Reimagine the space to suit your needs-create a stunning multi-family residence, establish your own store on the ground floor, or develop it into a lucrative mixed-use building.
Why You'll Love It:
Atlantic Avenue is a hub of activity and charm, where modern living meets historic appeal. This is your chance to be part of a thriving community and join the ranks of the area's exciting growth and transformation.
Don't Miss Out!
Properties like this don't come around often. Whether you're dreaming of a home, business, or investment, this versatile property has it all.
Act now to secure your future! Contact me today for more details and a private showing.
Features
- Town: Brooklyn
- Rooms: 12
- Bedrooms: 7
- Baths: 2 full / 3 half
- Lot Size: 80.00x22.42
- Laundry: In Unit
- Basement: Other
- Lot Size: 80.00x22.42
- Est. Taxes: $12
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RLS11026000
- Days on Market: 103 days
- Website: https://www.raveis.com
/eprop/RLS11026000/379atlanticavenue_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Wendy ReservitzLuxury Properties Specialist
617.680.2063
Wendy.Reservitz@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Kate RockettVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1500191
617.281.4872
Kate.Rockett@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Jennifer HartInsurance Sales Director, William Raveis Insurance
978.457.6220
Jennifer.Hart@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
379 ATLANTIC Avenue, Brooklyn (Boerum Hill), NY, 11217
$4,200,000
Wendy Reservitz
Luxury Properties Specialist
William Raveis Real Estate
Phone: 617.680.2063
Wendy.Reservitz@Raveis.com
Kate Rockett
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,360,000 | $3,360,000 | $3,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
| Monthly Tax Payment | $1 | $1 | $1 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,078 | $21,237 | $28,354 |
| Total Monthly Payment | $19,204 | $21,363 | $28,480 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535