House of the Day: 350 Atlantic Avenue
It’s not exactly our style, but someone clearly put a lot of effort into renovating the five-story brick house at 350 Atlantic Avenue in Boerum Hill a few years ago. The 5,500-square-foot property is being marketed for its flexibility: the building can be anywhere from a single-family to a three-family and the owner has the…
It’s not exactly our style, but someone clearly put a lot of effort into renovating the five-story brick house at 350 Atlantic Avenue in Boerum Hill a few years ago. The 5,500-square-foot property is being marketed for its flexibility: the building can be anywhere from a single-family to a three-family and the owner has the option of renting out the ground-floor for retail. Has anyone crunched the numbers on whether this place works as an investment property at its asking price of $2,900,000 or is its only hope a flush owner occupant?
350 Atlantic Avenue [Brown Harris Stevens] GMAP P*Shark
“This fine home will not last.”
It’s clear that this broker needs a lot of help writing a meaningful sentence. Or was this full disclosure.
“Brooklyn’s SoHo” WTF?????
“This beautiful townhouse is located in a neighborhood that has been called, “Brooklyn’s SoHo”.”
huh?
Broker: “Brooklyn’s Soho”
yeah, if you lived on Houston Street and the knicks were building a new facility five blocks down. i hate brokers.
for almost $700psf this thing will hang.
The big problem with the price is that the garden floor does not have the center entrance like the other retail spots. So you would have to excavate, and should be priced more like an option rather than a true retail space that has strong rental income, which seems to me how it is priced.
On the one hand atlantic center traffic might be good for a retail space, on the other hand it is not currently configured as if it were.
Other than that i do like the building.
of course not a setup or bldg a traditional customer for a neighborhood brownstone is looking for.
I wouldn’t even bother guessing the pricing – since I have no idea what commercial rent would be on Atlantic. Will take time to find a good fit for the space/ but that is what brokers are for.
BoerumHill,
That Forgotten New York website is awesome.
I’m glad someone’s documenting the street lights.
They can be very cool.
Thanks for the tip.
Pigeon –
Have you ever read Kevin Walsh’s streetlamps page at Forgotten New York? Wonder if that is a Henry Bacon design (click through for Types A through G).
http://bk.ly/rvx
Atlantic Avenue has dramatically changed for the better in the past few years, but it’s not a street people are clamoring to live on.
Great lamp-post in the first photo, though.
The current configuration doesn’t work.
It’s set up as a duplex over two rentals.
(There’s a kitchen on the garden floor and on the 3rd and 4th floors).
But the duplex has no bedrooms.
I guess kitchens can be removed and added, or walls can be build to create bedrooms, but the current configuration is odd.
“Lovely prison yard garden.”
Funny, BH