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.