Atlantic Terrace

Quality construction residences sold according to a dynamic income model

Atlantic Terrace was devised with both public and private funding and it is beholden to regulations stipulated by?the New York City?Housing Development Corporation, among other governmental agencies. The co-op owns the residential portion of the building with 75 percent interest in the common elements of the condo. Nine apartments must be sold to buyers with an annual income not greater than 65 percent of the area median. While 31 are allocated to residents with income below 80 percent of the average, 19 are for those making no more than 130 percent. With that structure in mind, true one-bedrooms with 685 square feet of space sell for around $500,000. Expansive two- and three-bedrooms with at least 1,000 square feet of space range between $700,000 and $1.2 million depending on position in the building. There are four duplex penthouses with private terraces that have sold for close to $2 million according to market rates. Several residences have double height great rooms. Most have in unit washer/dryers. Monthly maintenance fees are low when considering area comps, and there’s a 421a tax abatement in place through 2037.

Sustainable finishes and operating systems with very little left to chance

According to a “Green Home New York” assessment, Atlantic Terrace achieves LEED Gold status through, in part, the use of Energy Star appliances. “There’s a highly efficient pump system providing both heating and cooling,” the report outlines. “The state-of-the-art HVAC system, combined with high-performance windows and a tightly constructed, well-insulated exterior wall and [reflective] high-albedo caps on the roof creates an energy efficient and comfortable environment.” Green finishes include bamboo flooring and locally assembled kitchen cabinetry. The wood is sustainable because it regenerates quickly. The building was constructed using locally manufactured bricks. Countertops were produced using recycled glass and concrete. Bathrooms are clad in recycled ceramics and are equipped with low flow fixtures. The roof top terrace is landscaped with native, drought tolerant plants.

Fort Greene on one side and Prospect Heights on the other

Atlantic Terrace provides affordability in the increasingly expensive brownstone Brooklyn neighborhoods of Fort Greene and Prospect Heights. Both areas are suffused in ample green space, top-ranked restaurants and a low-key atmosphere unparalleled elsewhere in New York City. While the 526 acres of Prospect Park — Brooklyn’s main green space — abounds with large picnic lawns, secluded woodlands, sports facilities and even a roller rink, Fort Greene Park is an equally historic if smaller site with integrated tennis courts. Both are home to weekly farmers markets. Right around the corner from the condop is South Oxford Park, replete with a playground and other sports-specific fields. In Fort Greene, compact stretches of Fulton Street and DeKalb Avenue are lined with numerous owner-operated restaurants, cafes and watering holes. Some of the most notable are beer garden DSK Brooklyn, Turkish mainstay Deniz and upscale Latin American eatery Colonia Verde. In Prospect Heights, there’s new American haunt No. 7, Thai staple The Nuaa Table and Omar’s Indian Fine Cuisine. Vanderbilt Avenue is the main commercial stretch in this neighborhood with an endless array of dining options and even a world-class butcher.

Down Atlantic Avenue from the condop is the Atlantic Center Mall with many big box stores, a Target and Stop & Shop. Whole Foods is a few blocks north. The major sports and concert venue Barclays Center is right across the street from the mall. This hub is also home to the Long Island Rail Road’s Atlantic Terminal and numerous subway lines including the B, D, N, R and Q. The A and C stop along nearby Fulton Street while the 2, 3 and 4 subways stop at multiple stations on Flatbush Avenue. Notable cultural venues in proximity include the Brooklyn Academy of Music, Brooklyn Library Central Branch, Brooklyn Museum and Brooklyn Botanical Garden. There’s no question that Atlantic Terrace matches affordable and sustainable living with some of the best attractions the borough has to offer.