$6,555,000
$445K PRICE DROP

Estimated payment $35,859/month

Total Views 720
-- Bed
-- Bath
2,400 Sq Ft
$2,731 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Pacific Street
  • 3-minute walk to North Pacific Playground
  • P.S. 38 The Pacific School Rated A-
  • Back Yard

About This Home

Unique prime development opportunity at 545 Atlantic Avenue, ideally located in the heart of Brooklyn’s Boerum Hill / Downtown Brooklyn corridor. The property may also be acquired with adjacent 547 and 549 Atlantic Avenue, offering a rare assemblage opportunity in a rapidly evolving submarket. Situated within the Downtown Brooklyn Special District (R7A/C2-4), the site provides exceptional zoning efficiency with 4.0 FAR, 80% lot coverage, and allowable building heights up to 85 feet, supporting a highly efficient mixed-use development program. The location benefits from immediate proximity to major neighborhood anchors including Barclays Center and Atlantic Terminal, as well as direct access to multiple lines of the New York City Subway, providing outstanding regional connectivity and consistent pedestrian activity. Surrounded by dense residential development and ongoing commercial investment, the site is well suited for a boutique, luxury mixed-use project incorporating residential units, ground-floor retail, and potential parking components. Positioned within one of Brooklyn’s most dynamic growth corridors, the property offers strong long-term appreciation potential and compelling development fundamentals.

Listing Agent

Mari Mineh

GW Realty Inc. Listed on: 06/04/2026

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,924

Year Built

  • Built in 1920

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 90 x 20
  • Irregular Lot
  • Back Yard
  • Property is zoned R7A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Plaster Walls
  • Asphalt Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Ceiling height between 8 to 10 feet
  • Wood Flooring
  • Basement Cellar

Utilities

  • 110 Volts

Listing and Financial Details

  • Tax Block 180

Community Details

Overview

  • 2 Units

Building Details

  • 3 Vacant Units
  • Fuel Expense $3,500
  • Insurance Expense $5,500
  • Utility Expense $2,500
  • Gross Income $165,000
  • Net Operating Income $147,000

Property Details

Property Type

Other

Est. Annual Taxes

$7,924

Year Built

Built in 1920

Lot Details

1,800 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Window Display
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Ave
  • Cross Street Name2: 4th Ave
  • Gross Lease: 20000
  • Heat Delivery: None
  • Number Of Available Units: 3
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Rent Income Period: 12
  • Fill Sq Ft Total: 2400
  • Building Stories: 3
  • Street Name I D X: Atlantic
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood
  • Lot Sq Ft: 1800
  • Walls: Plaster

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 49
  • Road Frontage: 20
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Equipment Included: Equipment Included: No equipment or personal property included in the sale. Property conveyed in as-is condition, subject to items permanently affixed to the building.
  • Heating Fuel: None
  • Hot Water: None

Fee Information

  • Annual Fuel Expense: 3500.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 90
  • Lot Size Width: 20
  • Zoning: R7A

Rental Info

  • Rent Income: 13750
  • Tenant Monthly Rent: 4500.00

Multi Family

  • Annual Gross Expense: 96000.00
  • Annual Gross Income: 165000
  • Insurance Expense: 5500.00
  • Miscellaneous Expense: 4500.00
  • Property Net Operating Income: 147000.00
  • Unit Count: 1
  • Annual Utility Expenses: 2500.00

Tax Info

  • Flip Tax Amount: 7924.00

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 $7,247 $168,180 $13,440 $154,740
2025 $7,247 $155,100 $13,440 $141,660
2024 $7,247 $154,560 $13,440 $141,120
2023 $7,177 $136,620 $13,440 $123,180
2022 $6,744 $132,540 $13,440 $119,100
2021 $6,707 $118,980 $13,440 $105,540
2019 $6,290 $65,460 $13,440 $52,020
2018 $6,750 $29,448 $7,257 $22,191
2017 $5,738 $28,150 $7,436 $20,714
2016 $5,309 $26,558 $8,414 $18,144
2015 $3,203 $25,056 $9,529 $15,527
2014 $3,203 $25,056 $11,431 $13,625
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
07/01/2026 07/01/26 Price Changed $6,555,000 +0.1% $2,731 / Sq Ft
06/20/2026 06/20/26 Price Changed $6,550,000 +0.8% $2,729 / Sq Ft
06/15/2026 06/15/26 Price Changed $6,500,000 -7.1% $2,708 / Sq Ft
06/04/2026 06/04/26 For Sale $7,000,000 -- $2,917 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 502021

Brooklyn Board of REALTORS®

APN: 00180-0049

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