2632 Atlantic Ave, Brooklyn, NY 11207

Warren Lewis Sotheby's International has been retained on exclusive basis to market this great corner building located in Cypress Hills. This Extra Large corner 100% rented income producing building offers under the new approved zoning (R8A with Commercial Overlay) additional 12,249 of air rights. It is also qualifies for a community facility bump in FAR and in that case it will add another 4,786 of air rights. Gross Income - $320,000 NOI - $230,000 Current Cap - 4.1% POTENTIAL CAP - 7-8% Occupied by 2 tenants with 4 years left on their leases. Lot Size: 4,056 Lot Dimensions: 49.75 ft x 82 ft New FAR - 6.02 FAR with community Facility - 7.20 Existing sqft: 12,168 Total Allowed with 6.02 Far - 24,417 sqft Total Allowed with 7.2 Far - 29,203 This building will be delivered 100% occupied. Located on a very busy intersection of Pennsylvania & Atlantic Avenues. Contact us today for more details.