Listing Courtesy of Compass
$2,995,000
Potential Rebate: $44,925
Prime Development Opportunity – 50’ Frontage on Atlantic Avenue in Brooklyn
2825-2827 Atlantic Avenue are two adjoining buildings built currently as 2-story mixed use buildings and includes a connected parcel allowing direct access to Schenck Avenue.
These properties offer an exceptional investment opportunity to acquire two adjacent, vacant buildings, ideal for redevelopment with substantial upside potential in one of Brooklyn’s most active, high-growth corridors. Located directly on Atlantic Avenue, this property offers 50 feet of frontage with an additional lot at 170 Schenck Avenue offering valuable space and access to the rear of the buildings, and is positioned within highly favorable zoning overlays that support a wide range of development options and incentives.
Zoning:
Districts: R8A, R5B, C2-4, EC-5
Residential FAR: 6.02
Facility FAR: 6.5
As-Built FAR: 0.49
Maximum Buildable Area: Approx. 37,776 SF+
*All zoning and square footage should be independently verified.
Incentive Zones:
Mandatory Inclusionary Housing (MIH)
Transit Zone
FRESH Program Zone (Food Retail Expansion to Support Health)
Key Highlights:
Delivered vacant and shovel-ready
Strong residential and mixed-use development potential
High visibility and access along a major Brooklyn corridor
Close proximity to public transit, amenities, and major thoroughfares
Ideal for developers seeking scale and zoning flexibility in a rapidly developing area. All zoning and buildable square footage should be independently verified.
$15,885 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$44,925
Monthly savings impact
$125/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20054090

Compare average listing prices and value metrics for 2825 Atlantic Avenue against the surrounding East New York market.
than the East New York price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within East New York.
East New York is a large residential area. For buyers seeking East New York Brooklyn real estate, it offers affordability.
Living in East New York is resilient. As a Brooklyn NYC neighborhood, it is transforming.
Homes for sale in East New York are two-family homes.
The lifestyle is urban.
A/C/J/Z/L trains (hub at Broadway Junction).
Gateway Center shopping.
Value seekers.

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