ASH NYC Sells Mixed-Use Property At 487 Atlantic Avenue Brooklyn For $3.5M With Marcus & Millichap
487 Atlantic Avenue
$3,500,000
$809/SF
Building Size
4,324 SF
Asset Type
Mixed-use
Closing
Apr 13, 2026
AI
The property asset involved in this transaction is a mixed-use building located at 487 Atlantic Avenue in the Brooklyn market. The sale was finalized for $3,500,000, encompassing a total area of 4,324 square feet, resulting in a price per square foot of $809.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 487 Atlantic Avenue
- Market: Brooklyn
- Square Footage: 4,324
- Price per Square Foot: $809
- Seller: ASH NYC - Jon Minkoff
- Brokers: Shaun Riney, Michael Salvatico & Will Carbonari - Marcus & Millichap
- Date of Transaction: 4/14/2026
This transaction featured key representatives from Marcus & Millichap, namely brokers Shaun Riney, Michael Salvatico, and Will Carbonari. Notably, this was a same-day contract/close deal, indicating a swift and efficient transaction process. For similar results, interested parties may contact the deal team.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93