Updated 9 years ago
Off Market
59-73 Atlantic Ave
Brooklyn Heights, Brooklyn | Hicks Street & Furman Ave
28,796 Square FeetRental Property
$56,000,000
floors / apts4 / 30
Building TypeLow-Rise
RE Taxes$139,840
Price Per SF
$1,945
Building Amenities
- Voice Intercom
- Elevator
Property Description for 59-73 Atlantic Ave
59-73 Atlantic Avenue presents a unique opportunity for an investor to return seven prewar buildings in Brooklyn Heights back to their original glory. The ability for one owner to control an entire city block in Brooklyn Heights, at the entrance to Brooklyn Bridge Park, is an exceptional real estate opportunity that should not be missed.
59-73 Atlantic Avenue currently features seven mixed-use buildings that are ripe for repositioning in the upwardly mobile Brooklyn Heights market. It is evident that retail investors, who are marketing to national tenants, seek bigger spaces in prime retail corridors. Across the street, Long Island College Hospital will be converted to condominiums in the near future, bringing thousands of more residents to the area. The building offers over 160 square foot of frontage on Atlantic Avenue.
Unlike any other deal in the Brooklyn Heights market, 59 –73 Atlantic Avenue offers the buyer 10,000 contiguous square feet of retail space, which could be leased to a single tenant or a collection of high-end luxury retailers. Furthermore, the potential investor has the opportunity to renovate and lease 19,000 square feet of residential apartments on a desirable Brooklyn Heights Block.
59-73 Atlantic Avenue currently features seven mixed-use buildings that are ripe for repositioning in the upwardly mobile Brooklyn Heights market. It is evident that retail investors, who are marketing to national tenants, seek bigger spaces in prime retail corridors. Across the street, Long Island College Hospital will be converted to condominiums in the near future, bringing thousands of more residents to the area. The building offers over 160 square foot of frontage on Atlantic Avenue.
Unlike any other deal in the Brooklyn Heights market, 59 –73 Atlantic Avenue offers the buyer 10,000 contiguous square feet of retail space, which could be leased to a single tenant or a collection of high-end luxury retailers. Furthermore, the potential investor has the opportunity to renovate and lease 19,000 square feet of residential apartments on a desirable Brooklyn Heights Block.
Listing History for 59-73 Atlantic Ave
Now
04/15/2016
POM by Avishai M. Adiv
Brick Real Estate
01/16/2016
TOM by Avishai M. Adiv
Brick Real Estate
Building Details for 59-73 Atlantic Ave
OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
Year Built1910
Floors/Apts4/30
Transit and Citi Bike
Subway
Court St
0.37 miles
Borough Hall
0.42 miles
Clark St
0.49 miles
Citi Bike
Henry St & Atlantic Ave
0.1 miles
Atlantic Ave & Furman St
0.11 miles
Ferry
Atlantic Ave/BBP Pier 6
0.22 miles
Brooklyn Heights | Brooklyn
Quick Profile
Brooklyn Heights was Manhattan’s first suburb. The Brooklyn Bridge is a neighborhood draw, offering some of the most beautiful views of the Manhattan skyline, as well as an easily walkable means of commuting into the City. Montague Street has been the main commercial street in Brooklyn Heights since the 1800s, but it is not overly commercialized. Smaller shops help maintain the small neighborhood feel of Brooklyn Heights.
The quaint cobblestoned side streets highlight the historic feel to this lovely, vibrant neighborhood that is filled with exciting and innovative restaurants, stores that have those perfect home decor items, that little black dress you love, and your favorite dry cleaner is right around the corner. Brooklyn Heights is your perfect city within the City.
There are apartments, condos, and co-ops that resulted from the conversion of pre-war residential hotels. The townhouses in Brooklyn Heights are often five stories, instead of the three stories found elsewhere. You’ll also find row houses and stunning single family mansions. Due to the three protected historic districts, opportunities for new construction are limited, and the appearance of the neighborhood seems frozen in the era when these buildings were originally constructed.
Renowned public and private schools make the neighborhood attractive to young families with school-age children. The neighborhood is generally “kid-friendly,” with parks, playgrounds, and quiet streets where kids can still play safely.
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: 60401TH
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