$6,250,000
Updated 7 years ago
Off Market

3038 Atlantic Ave

Brownsville, Brooklyn | Essex Street & Shepherd Ave

27,400 Square FeetDevelopment Site

$6,250,000
floors3
Lot Size84'x105'
Built Size79'x97'
ZoneR8A
Building TypeLow-Rise
RE Taxes$72,374
Price Per SF
$228

Property Description for 3038 Atlantic Ave

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 3038 Atlantic Avenue in the East New York neighborhood of Brooklyn. • Subject property is a three-story warehouse located on an 84.83’ x 105’ SF lot on the southside of Atlantic Avenue between Essex Street and Shepherd Avenue. • Property is situated in an R8A, R6R, C2-4, EC-5 zoning, with a 6.02 FAR as-ofright, allowing for up to approximately 49,683 BSF for mixed-use development. • Developers can further increase the total BSF via the community facility bonus, allowing for a maximum of 56,500 BSF. • The property is located within an opportunity zone, which provides developers/investors with preferential tax incentives. These zones were created to spur long-term economic growth in designated neighborhoods. • Located within two blocks from the C subway at Cleveland Station and within four blocks from the J train at Shephard Avenue Station, providing direct access to Downtown Brooklyn, Williamsburg, and Manhattan.

Listing History for 3038 Atlantic Ave

Now
05/09/2019
POM by Jermaine Pugh
B6 Real Estate Advisors
01/04/2019
$6,250,000
Initial Price by Jermaine Pugh
B6 Real Estate Advisors

Building Details for 3038 Atlantic Ave

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1930
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

Cleveland St
0.17 miles
Norwood Av
0.25 miles
Shepherd Av
0.3 miles
Van Siclen Av
0.49 miles

Contact Agents

Contact Agents

Jermaine Pugh
B6 Real Estate Advisors
R. Connor Winn
B6 Real Estate Advisors
David Chase
B6 Real Estate Advisors
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71005TH