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547 Atlantic Avenue

New York NY 11217

7590 sq. ft.
5400 sq. ft.
Land
Currently for sale - view listing

Overview

Prime development opportunity in the heart of Downtown Brooklyn. Located at 545-549 Atlantic Avenue, this assemblage offers exceptional potential just moments from the Barclays Center, Atlantic Terminal, and multiple subway lines. Situated within the R7A/C2-4 zoning district, the property provides approximately 21,600 buildable square feet and supports a wide range of mixed-use development possibilities. Rare opportunity to acquire a strategically located development site in one of Brooklyn's most dynamic and rapidly growing corridors. Buyers are advised to conduct their own due diligence regarding zoning, and development potential. Hotel Development Opportunity The proposed development envisions a luxury boutique hotel with integrated retail and parking components designed to maximize both room revenue and ancillary income streams. Prime Atlantic Ave. frontage Adjacent to Barclays Center and Atlantic Terminal App. 21,600 buildable square feet Strong transit connectivity High barriers to entry for new hospitality developments Opportunity for premium room rates driven by event demand Proposed Program Boutique Hotel: 55-75 Keys Ground Floor Retail Wellness / Spa Component Rooftop Lounge or Event Space Revenue Sources Hotel Room Revenue Food & Beverage Operations Retail Rent Parking Revenue Event & Meeting Space Rentals Wellness / Spa Revenue Market Positioning The property is positioned to capture demand generated by: Brooklyn business travel Downtown Brooklyn corporate offices Brooklyn tourism Visiting families and university-related travel Illustrative Financial Outlook Assuming: 65 Hotel Keys Average Daily Rate (ADR): $325-$425 Occupancy: 75%-85% Potential annual room revenue could exceed $6M-$8M before ancillary income. Additional revenue generated through retail leasing, parking operations, food and beverage sales, and event programming may further enhance overall asset performance.

Features

7590 sq. ft. floor area
5400 sq. ft. lot size
Land

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Local market activity for land plots in New York

In the last 12 months, 1 land similar to 547 Atlantic Avenue, have been sold.

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