2904 Atlantic Avenue is a 15-unit, 9,000 SF corner mixed-use building located in the East New York neighborhood of Brooklyn. The property contains fourteen (14) rent stabilized apartments, a seafood market leased through 2036 with annual increases, and a billboard. The property is conveniently situated a few blocks away (4 min walk) to the J Train and the M Train at Cleveland Street. There are approximately $30,000 of yearly preferential rents throughout the 14 apartments, and the property has an additional 6,604 square feet of air rights. Offered at a true 6% cap rate, the property offers stable and financeable cash flow.
