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348 ATLANTIC AVENUE

BROOKLYN, NY 11207

RESIDENTIAL/RETAIL PROPERTY

PURCHASED: 2014
PARTNERS: Private Investors
PROPERTY: 4 stories; 6 residential units, 3 retail units

Located in the upscale neighborhood of Boerum Hill, this mixed-use building consists of six free-market residential units and three ground-floor retail units. Each residential unit has two bedrooms and most offer outdoor space. Retail tenants include the famed Mile End Deli, Skyline Group Real Estate and Hoyt Street Market & Deli. The building was renovated in 2010 and is currently 100 percent leased.

Boerum Hill is a chic neighborhood that is known for its trendy boutiques, unique dining options, luxury rentals and brownstone buildings. The area is bordered by Cobble Hill, Carroll Gardens, Brooklyn Heights and Park Slope which are all sought after areas. The building is within walking distance to Brooklyn Bridge Park and Barclays Center. The cross street, Atlantic Avenue, is the neighborhood's main shopping thoroughfare. The property is also conveniently located near multiple subway lines and is a short commute to Manhattan.