High-End Commercial Condo in Cobble Hill

112 Atlantic Avenue

Cobble Hill

Size 7,985 SF
Cross Streets Henry St + Atlantic Ave
Tenant Chalk Preschool
Subways
f
g
r
2
3
4
5
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Commercial Condo 112 Atlantic Avenue, Cobble Hill
Dan Marks
Have Dan contact you

Want Dan to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Gross annual income $524,000
NOI ~$500,000

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of a prime, fully-occupied, cash flowing commercial condo in Cobble Hill, located at 112 Atlantic Avenue.

The property provides the opportunity to acquire a brand-new construction, high-end corner retail condo totaling 7,985 SF. The 5,728 SF ground floor is occupied by Chalk Preschool of Cobble Hill on a 10-year lease. The 2,257 SF lower level is occupied by OTL Enterprises LLC on a 5-year lease. The gross annual income for the space is $524,000 with a NOI of ~$500,000. The condominium building (aka 325 Henry) consists of 8 high-end residences with sellouts in the $2M-$5M range.

Just around the block is River Park, the former LICH properties, which is being developed into a mix of ~500 luxury condos and townhouses. Cobble Hill is one of Brooklyn’s most desirable neighborhoods for both residents and tourists alike. Foot traffic and population density in this area mainly consists of families with children, making Chalk a highly sought-after educational amenity.

Attractions

This stretch of Atlantic Avenue is also teeming with restaurants, bars, and artisanal shops frequented by the nearby Brownstone Brooklyn and new construction residents nearby. Some renowned retailers on the same block include Table 87, Sahadi’s, Trader Joe’s, Luzzo’s BK and Swallow Café.

The property is located just a few blocks from Brooklyn Bridge Park, the Brooklyn Heights Promenade, and the Montague Street retail corridor. The Clark Street Subway Stop and Borough Hall stops are just steps away, with access to the 2, 3, 4, and 5 trains.

Brooklyn Bridge Park
Table 87
Sahadi’s
Trader Joe’s
Luzzo’s BK and Swallow Café.

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >