Alan Bernstein Realty Services 48 Tompkins Place, Brooklyn, NY 11231

Commercial, Development, Investment Properties/Sales & Leasing

Office: 718-237-5744 Cell: 646-271-7335
Fax: 718-237-9610 Email: abernstein@albernconsulting.com

Great Development/Commercial Property for Sale

Exclusive to ABRS

1013 Atlantic Avenue, Brooklyn, NY 11238

Asking $5,950,000

Block And Lot 2019/51

Tax Class 4
Current Taxes $20,411.67
Lot Size 8345 SF
Max FAR 4 (More with Inclusionary Housing)
Buildings on Lot 1
Corner Lot NW
Building Class G4, Gas Station with Enclosed Plant
Building SF 5,292
Zoning C2-4/R7A; R6B

Excellent opportunity to own a prominent corner on Atlantic Avenue. This is a once in a generation
chance to be part of what is quickly becoming one of the hottest areas in the City. The property is
currently occupied as a gas station but has recently been rezoned to residential and commercial use.
Current tenant has a five year lease with no options. The piece has considerable development rights
and the mixed use zoning makes it a terrific investment or development location. Our estimates for
the development rights are between 26,000 and 33,500 bsf depending on the development approach.
Convenient to transportation, the Barclay’s Center, Downtown Brooklyn and Fulton Street commerce
and amenities. Seller is seeking an all cash deal with a quick closing. Property will be sold as is.
Rental Information

Current annual rent is $97,298.76 and scheduled to be increased 9/30/2014 by 5% and every year for
the lease term. Rent is NN with landlord paying base RE taxes from 2000, tenant paying the
difference. All other operating expenses and maintenance are paid by tenant.

Survey

Additional details are available upon request –

Alan Bernstein Realty Services, Ph - 718-237-5744 C - 646-271-7335
Zoning Map and Information

R7A

Property is mostly situated in an R-7A/C2-4 zone with a small portion of the rear lying in the R6-B
zone. It all falls within a designated Inclusionary Housing District. Therefore, there are several
development approaches to this parcel and different approaches will yield different total development
packages. We recommend that you consult a licensed zoning expert such as an architect for a full
zoning analysis. The information contained herein is offered strictly for marketing purposes and must
be verified independently.

ABRS is an independently owned and operated licensed NYS Real Estate Brokerage offering
customized services within the boroughs of New York City. We pride ourselves on a specifically
tailored approach to every transaction according to the needs of our clients and the demands of the
market.

Additional details are available upon request –

Alan Bernstein Realty Services, Ph - 718-237-5744 C - 646-271-7335