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362 Atlantic Ave, Brooklyn, NY, 11217

4beds
5baths
3,020sqft
$2,900,000
$960price/sqft
$16,904/moest. monthly cost
$676,160/yrincome needed

About This Home

362 Atlantic Avenue is a well-located mixed-use property positioned on a prime stretch of Atlantic Avenue in the heart of Boerum Hill, one of Brooklyn’s most active and desirable commercial corridors. Surrounded by a strong mix of established retail, dining, and neighborhood amenities, the asset benefits from excellent visibility, consistent foot traffic, and immediate access to Downtown Brooklyn, Brooklyn Heights, Cobble Hill, and multiple transportation lines. The three-story building spans approximately 3,020 square feet across four floor-through residential apartments over two ground-floor retail spaces and sits on a 25' x 80' lot, with roughly 6,000 buildable square feet offering meaningful expansion or redevelopment potential. The current rent roll totals approximately $182,220 per year with proposed upside to $258,000 per year, reflecting both in-place stability and clear value-add potential. 362 Atlantic Avenue presents a rare opportunity to acquire a mixed-use asset with free market residential units, a highly desirable retail space, and long-term development potential in one of Brooklyn’s most established and high-performing neighborhoods. Please inquire for a detailed set-up.

Getting Around

99
WalkingWalker's Paradise
0
TransitVery Limited Transit
94
BikeBiker's Paradise

Schools

6/10
Ps 38 The PacificGrades PK-50.3 mi
1/10

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 3,020
  • Total interior livable area: 3,020 sqft

Property

Details

  • Parcel number: 001830015
  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Garden

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
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

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

MonthlyAnnual
Mortgage $14,663$175,956
Home Insurance *$389$4,668
Property Taxes $1,353$16,236
Electricity $499$5,989
Total$16,904$202,848
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$579,565/yr
40% on housing$507,120/yr
45% on housing$450,773/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$960This listing

vs Other Active Listings

Avg $/sqft

ZIP 11217$1,291
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11217$1,583
Kings County$623

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)

No zestimate history available

Price History

DateEventPrice
2026-07-10Listed for sale$2,900,000

For Sale by Agent

AgentDoug Bowen
BrokerageDouglas Elliman

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