7,395 SF Commercial Building Adjacent to Broadway Junction

Overview

TerraCRG is pleased to exclusively represent ownership in the sale of 2465 Atlantic Avenue, a highly visible corner commercial building in East New York, Brooklyn, positioned directly adjacent to Broadway Junction and the transformative Herkimer-Williams Proposed Development.

The property consists of a three-story, approximately 7,395-square-foot commercial building. With potential to be delivered vacant, the asset presents investors, owner-users, and developers with immediate flexibility to reposition, occupy, or convert the property. While the property does not have any available air rights, it is situated within a C6-4 zoning district (R10 equivalent), providing a unique opportunity for a residential or mixed-use conversion.

2465 Atlantic Avenue sits directly adjacent to Broadway Junction, one of New York City's most significant transportation hubs, with direct access to the A, C, J, Z, and L subway lines plus the Long Island Rail Road. Downtown Brooklyn is approximately 15 minutes away and Lower Manhattan approximately 20 minutes.

The area is in the midst of a transformative wave of investment through the Herkimer-Williams Development, a large-scale mixed-use redevelopment that will deliver up to 1,000 units of housing across four new buildings, along with 440,000 SF of commercial space, 100,000 SF of light industrial space, 114,000 SF of retail space, 85,000 SF of community facility space, and 25,000 SF of public open space. Construction is expected to take place in four phases over approximately 10 years, with housing delivered in 2029 in the first phases.

More than $500 million in public investment is already committed to the area, including a $400 million MTA accessibility overhaul of the Broadway Junction station and $95 million in new City streetscapes and plazas. Broadway Junction has also been named a potential stop on the proposed 14-mile Interborough Express, connecting Broadway Junction to Queens and southern Brooklyn. Broadway Junction ridership reached 1,647,748 riders in 2023, up 14% year over year.

As one of New York City's most significant transit-oriented redevelopment corridors, Broadway Junction continues to attract substantial public investment and private development activity. The combination of premier transit connectivity, favorable zoning, strong visibility, and positioning within a rapidly growing mixed-use district makes 2465 Atlantic Avenue a compelling opportunity to acquire a well-located asset with significant long-term upside in one of Brooklyn's emerging growth markets.