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487 Atlantic Avenue

ASH NYC Sells Mixed-Use Property At 487 Atlantic Avenue Brooklyn For $3.5M With Marcus & Millichap
SOLDMixed-use

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

Michael Salvatico

Marcus & Millichap

Broker

$795.9M

vol

175 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

359 deals

Broker

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