Bankruptcy Sale: 368 & 360 Atlantic Ave, Brooklyn

Property Description

• Two contiguous buildings, border of prime Boerum Hill & Downtown Brooklyn • 7 residential units and 3 retail units, totaling 6,768 SF • All residential units are FREE MARKET • 50 feet of frontage on Atlantic Avenue • 358 Atlantic Avenue: 4 story building consisting of 3 residential units and one retail; 3,520 SQF • 360 Atlantic Avenue: 3 story building consisting of 4 residential units and 2 retail units; 3,248 SQF • Prime retail corridor on Atlantic Avenue between Hoyt St. and Bond St. • Three blocks to downtown Brooklyn’s main retail corridor, Flatbush Avenue: Whole Foods, Apple, Target, Trader Joes • Located less than 0.5 miles from Atlantic Terminal & Barclays Center • Short walk to the Hoyt-Schermerhorn Street, Nevins Street or Dekalb Avenue subway stations • Prime downtown Brooklyn location in the middle of one of the busiest and most vibrant neighborhoods in all of New York • Substantial upside in rent (FM units are currently below market) Bid Deadline: Tuesday, December 3rd, 2024 at 5:00 PM Auction Date: Thursday, December 5th, 2024 at 2:30 PM Opening Bid: $5,050,000 (Sale Subject to Bankruptcy Court Approval)