2296 Atlantic Avenue, Brooklyn, New York 11233

$1,100,000

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List Price
$1,100,000
Status
ACTIVE
MLS#
501149
Full-baths
3

Property Description

Welcome to 2296 Atlantic Avenue, this exceptional three-family turnkey investment property delivers immediate cash flow and long-term upside, boasting an impressive ~8.6% cap rate. Fully occupied with stable, paying tenants, the building is well maintained and requires minimal management—making it a true plug-and-play asset for any investor. Each unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one. Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning. Ideal for both seasoned investors and developers looking to maximize returns through income and future growth.

Additional Information

Lot Size
1,700
Flooring
Hardwood
Basement
Cellar
Heating
Gas

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Calculator source: Real Geeks

Listing courtesy of eXp Realty BKNY.