With great bones and an outstanding location, you won't want to miss this historic mixed-use building in prime Cobble Hill, featuring three floor-through residential units and a ground-floor commercial space with a cellar.
This 5,760-square-foot building offers a solid 4.5 percent cap rate and free-market rentals. Two apartments are occupied by month-to-month tenants, while the commercial space and one apartment will be vacant this summer. The apartments are 60-feet deep and offer high ceilings. The building offers attractive original architectural details but could use some love to maximize value and appeal.
Built in 1873, 180 Atlantic Avenue sits within the desirable Cobble Hill Historic District. The Neo-Grec building features a handsome cast-iron façade, including a storefront flanked by original end posts and a bold cornice. Above, large windows feature wrought-iron grilles and gorgeous arched and shouldered enframements. Topped by an extra-tall ornate cornice, the historic structure is unlike anything else in the area.
Located on Cobble Hill's main thoroughfare, the building offers equal appeal for future commercial and residential tenants alike. The storefront benefits from substantial foot traffic in this desirable position near the intersection of Court and Atlantic. Here, a wealth of local shops, restaurants and nightlife venues sit shoulder-to-shoulder with popular national chains, like CVS, Trader Joe's and Urban Outfitters. Nestled within Brooklyn's coveted BoCoCa area, this accessible district is surrounded by Downtown Brooklyn, the MetroTech Center, BAM, Barclays Center, Atlantic Terminal and Pacific Park. Abundant transportation options include excellent bus service and CitiBike stations, and nearly every subway line in the city— including R, 2/3, 4/5, F, G and A/C trains — can be found within a half-mile.