101 Atlantic Ave, Brooklyn, NY, 11201
About This Home
TURNKEY! | CAN BE DELIVERED VACANT! | 3-FAMILY PLUS STORE! 101 Atlantic Ave is a massive 25-foot-wide mixed-use townhouse located at the crossroads of Brooklyn Heights and Cobble Hill. Spanning approximately 5,500 square feet, this four-story property consists of three fully renovated large free-market residential apartments and one high-value retail space, presenting a compelling opportunity for an investor or retail end user. - Massive Income Potential: Features three fully renovated, free-market, full-floor residential apartments (~1,375 SF each) offering strong turnkey income generation. - The retail layout provides flexibility to lease the 1,160 SF storefront together with the 1,375 SF cellar and 625 SF backyard to maximize commercial value. - Functions perfectly as an immediate income-producing property with a projected 5% Cap Rate, and the entire building can be delivered vacant. PROPERTY HIGHLIGHTS - Size: ~5,500 Sq. Ft. across 4 full stories, plus a cellar, boasting a massive 25-foot width. - Modern Upgrades: Fully renovated residential apartments feature fully vented in-unit washer/dryers, stainless steel appliances, and dishwashers. - Historic Charm: Tall ceilings and classic Brooklyn townhouse charm throughout the residential floors, complemented by high ceilings in the ground-floor retail space. CURRENT CONFIGURATION - Cellar: Accessory use space (~1,375 SF of bonus space) - 1st Floor: Retail storefront (~1,160 SF) currently configured as a gym, with access to a 625 SF backyard - 2nd Floor: 2 Bed / 2 Bath - 3rd Floor: 2 Bed / 1 Bath - 4th Floor: 2 Bed / 1 Bath PROPOSED USAGE - Restaurant / Retail Destination: The layout lends itself perfectly to a restaurant conversion, utilizing the backyard as a private outdoor dining area and the cellar for additional accessory use. - Turnkey Investment: Rent out the free-market residential units alongside the highly visible commercial space for a steady, diversified income stream. LOCATION & TRANSPORTATION - Neighborhood Staples: Situated on a vibrant stretch of Atlantic Avenue known for its mix of restaurants, boutiques, and specialty grocers. Generates strong daily foot traffic and is just steps from Sahadi's, Trader Joe's, Boutros, and more. - Borough Hall Station: 2/3 and 4/5 trains (approx. 15 minutes to Lower Manhattan) - Court Street Station: N/R/W trains (approx. 20 minutes to Lower Manhattan) - Bergen Street Station: F/G trains (approx. 30 minutes to Midtown)
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1856
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Interior
Appliances
- Appliances included: Dishwasher,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 5,500
- Total interior livable area: 5,500 sqft
Property
Details
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Courtyard
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $27,810 | $333,720 |
| Home Insurance * | $1,586 | $19,032 |
| Property Taxes | $2,566 | $30,792 |
| Electricity | $908 | $10,907 |
| Total | $32,870 | $394,440 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-10 | Listed for sale | $5,500,000 |
| 2022-07-19 | Sold | $3,400,000 |
| 2022-04-24 | Listed for sale | $3,788,888 |
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