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About This Home

This 0-bedroom, 3-bathroom residential multi family at 2296 Atlantic Avenue in Brooklyn, NY is listed for $1,100,000 ($1,438 per sqft). the home offers 765 sqft of living space on a 0.04 acres lot.

Agent 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.

Key Features

  • 0.04 acre lot

Property Details

3 full

Amenities

HardwoodA/C

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

2296 Atlantic Avenue

Brooklyn, NY 11233

Features & Amenities

Interior Features

A/C Unit

Property Details

Flooring

Hardwood

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 2296 Atlantic Avenue is listed at $1,100,000 ($1,438/sqft). The estimated monthly payment is $4,767 based on 20% down at 6.5% interest.

Key features include: 0.04 acre lot. Interior Features: A/C Unit.

This property is listed by Kenwood Chan and can be reached at (888) 276-0630 or kenwood@armkey.com.

KC

Kenwood Chan

Agent at eXp Realty BKNY

(888) 276-0630

Listed by eXp Realty BKNY · View on Broker Site

MLS# 501149· Source: listhub· Updated 28 days ago

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2296 Atlantic Avenue, Brooklyn, NY 11233

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