Ariel Property Advisors Brokers Sale Of Mixed-Use Asset At 358-360 Atlantic Avenue For $4.15M
360 Atlantic Avenue
$4,150,000
$613/SF
Building Size
6,768 SF
Asset Type
Mixed-use
Closing
Feb 10, 2026
AI
The property located at 358-360 Atlantic Avenue in Boerum Hill is a mixed-use asset featuring 3 commercial and 7 residential units. The sale price was $4,150,000, with a total of 10 units and a price per unit of $415,000. The property has a total square footage of 6,768, resulting in a price per square foot of $613.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,150,000
- Address: 358-360 Atlantic Avenue
- Market: Boerum Hill
- Units: 10
- Price per Unit: $415,000
- Square Footage: 6,768
- Price per Square Foot: $613
- Brokers: Victor Sozio, Sean R. Kelly, Esq., Nicole Daniggelis & Remi Mandell - Ariel Property Advisors
This transaction reflects the expertise of Victor Sozio, Sean R. Kelly, Esq., Nicole Daniggelis, and Remi Mandell, who represent the buyer in this deal. Notably, this marks the sixth mixed-use asset closed by the team in Brownstone Brooklyn within recent months. For further inquiries regarding similar opportunities or additional details about this transaction, interested parties can contact their team at 917.594.5457.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93