$6,000,000
$500K PRICE DROP

Estimated payment $38,822/month

Total Views 1,245
-- Bed
-- Bath
4,708 Sq Ft
$1,274 Price per Sq Ft

Highlights

  • Waterfront
  • Wood Flooring
  • Ceiling height of 10 feet or more
  • Brownstone
  • Brick Front
  • Multiple cooling system units

About This Home

Rare mixed-use investment opportunity in the heart of Cobble Hill. Located on Atlantic Avenue between Court Street and Boerum Place, this 4-story building sits within the Cobble Hill Historic District, offering a blend of residential and commercial potential in one of Brooklyn’s most established and architecturally protected neighborhoods.

The property consists of 3 residential units and 1 commercial space, totaling approximately 4,708 SF on a 22’ x 80’ lot. Zoned R6 / C2-3, the building benefits from strong neighborhood demographics, steady foot traffic, and long-term stability in a tightly held market.

Unbeatable location within a short distance to Trader Joe’s, Barnes & Noble, and Brooklyn Bridge Park, as well as boutique retail, acclaimed dining, and neighborhood amenities throughout Cobble Hill and Brooklyn Heights.

Residents enjoy a short commute to Manhattan via multiple nearby subway lines and transit options.

Well-maintained and positioned for stable income with long-term upside, this asset presents an excellent opportunity for investors, end-users, or boutique redevelopment strategies subject to Landmarks Preservation Commission (LPC) approvals.

Listing Agent

Mari Mineh

GW Realty Inc. Listed on: 06/23/2026

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $70,900

Year Built

  • Built in 1846

Lot Details

  • 1,760 Sq Ft Lot
  • Lot Dimensions are 22 x 80
  • Waterfront
  • Back Yard
  • Property is zoned R6 C2-3

Home Design

  • Brownstone
  • Mixed Use
  • Flat Roof Shape
  • Poured Concrete
  • Wood Walls
  • Block Wall
  • Wood Frame Construction
  • Brick Front

Interior Spaces

  • 4,708 Sq Ft Home
  • 3-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling height of 10 feet or more
  • Ceiling height under 8 feet
  • Wood Flooring
  • Finished Basement
  • Basement Cellar

Utilities

  • Multiple cooling system units
  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • 110 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 286

Community Details

Overview

  • 3 Units

Building Details

  • 2 Vacant Units
  • Fuel Expense $6,000
  • Insurance Expense $7,000
  • Utility Expense $2,000
  • Gross Income $400,000
  • Net Operating Income $380,000

Property Details

Property Type

Other

Est. Annual Taxes

$70,900

Year Built

Built in 1846

Lot Details

1,760 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar, Finished
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 22.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under, Sign - Building, Sign - Door
  • Commercial Features Interior: Heated, Kitchen, Window Display
  • Confirmed By M L S Y N: Yes
  • Cross Street: clinton st
  • Cross Street Name2: court st
  • Gross Lease: 400000
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Ductless/Split
  • Number Of Available Units: 2
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Rent Income Period: 12
  • Fill Sq Ft Total: 4708
  • Building Stories: 3
  • Street Name I D X: Atlantic
  • Waterfront Present: Yes
  • Year Built: 1846
  • Special Features: None
  • Stories: 3

Interior Features

  • Ceiling: 11-15 Foot, 8-10 Foot, Less than 8 Foot, Varied Height
  • Flooring: Hardwood
  • Lot Sq Ft: 1760
  • Walls: Block, Sheet Rock, Wood

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Block, Brick, Wood Frame
  • Exterior: Brick, Brick Face, Brownstone
  • Foundation Details: Poured Concrete
  • Lot Number: 13
  • Road Frontage: 22
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Equipment Included: Boiler and heating system Hot water heater / domestic hot water system Electrical service panel(s) Plumbing systems Kitchen appliances in residential units (refrigerators, stoves/ovens)
  • Heating Fuel: Gas
  • Hot Water: Electric

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Dimensions: 22 x 80
  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 22
  • Zoning: R6 C2-3

Rental Info

  • Rent Income: 400000

Multi Family

  • Annual Gross Expense: 120000.00
  • Annual Gross Income: 400000
  • Insurance Expense: 7000.00
  • Miscellaneous Expense: 2000.00
  • Property Net Operating Income: 380000.00
  • Unit Count: 1
  • Annual Utility Expenses: 2000.00

Tax Info

  • Flip Tax Amount: 70900.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $65,162 $1,149,300 $240,750 $908,550
2025 $61,412 $957,600 $240,750 $716,850
2024 $61,412 $798,120 $240,750 $557,370
2023 $60,345 $665,100 $240,750 $424,350
2022 $57,375 $822,600 $240,750 $581,850
2021 $53,125 $967,500 $240,750 $726,750
2019 $47,259 $920,700 $240,750 $679,950
2018 $48,047 $371,293 $116,505 $254,788
2017 $45,761 $359,784 $130,853 $228,931
2016 $42,948 $333,134 $133,503 $199,631
2015 $18,588 $308,458 $126,262 $182,196
2014 $18,588 $290,663 $97,863 $192,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/08/2026 08/08/26 Price Changed $6,000,000 -7.7% $1,274 / Sq Ft
06/23/2026 06/23/26 For Sale $6,500,000 -- $1,381 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 502540

Brooklyn Board of REALTORS®

APN: 00286-0013

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