RealtyLens
for saleRealtyLens property overview
$1,100,000

2296 Atlantic Ave

Brooklyn, NY, 11233
View more Brooklyn, NY property pages
N/ABeds
3Baths
765Sqft
$1438$/sqft

Comps

Listing Notes

Welcome to 2296 Atlantic Avenue, this exceptional three-family turnkey investment property delivers immediate cash flow and long-term upside, boasting an impressive ~8.6% cap rate. Fully occupied with stable, paying tenants, the building is well maintained and requires minimal management-making it a true plug-and-play asset for any investor. Each unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one. Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning. Ideal for both seasoned investors and developers looking to maximize returns through income and future growth.

Market Insights

Above nearby median+227%

$1438/sqft vs a nearby median of $440/sqft.

Nearby median$440/sqft
Nearby properties8
Property size765 sqft
  • +227% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 765 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$333k$297k$369k · 33% confidence
vs ask $1.10M+$767k (+69.7%)

Asking price is about 69.7% above where comps + adjustments land — there is room to negotiate.

$440/sqft median across 4 tight comps × 765 sqft= $336k
  • Open Class C HPD violations−$20k −6.0%
  • Transit access+$8k +2.5%
  • Pre-war character+$8k +2.5%
Cumulative NYC adjustments−$3k−1.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+227% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
7 days
Last price change
No change recorded
Listed
May 5, 2026
Photos
6 photos
Property type
multi family
Status
for sale
Last sold
Mar 8, 2012 · $375,000

Features & Amenities

Central AirHardwood FloorsRental PropertyInvestment Opportunity

Building Facts

Year built
1901
Stories
3
Total units
3
Residential units
3
Building area
2,160 sqft
Lot size
1,700 sqft
Land use
Multi-family walk-up buildings
Building class
C0

From NYC public records where available.

Price History

May 6, 2026Initial record
$1,100,000for sale

Public Records

DOB violations1 open

2 total recorded against the building

HPD violations19 open

6 class C (immediately hazardous)

ACRIS documents33

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)33,426

Top: noise - residential

Top complaint types in ZIP 11233

  • Noise - Residential5,480
  • HEAT/HOT WATER3,514
  • Illegal Parking2,841
  • UNSANITARY CONDITION1,954
  • PLUMBING1,256

Recent DOB

  • Jul 25, 2023V-DOB VIOLATION - ACTIVE · C-CONSTRUCTION OTHER OPTIONAL
  • Nov 27, 1989V*-DOB VIOLATION - DISMISSED · Z-ZONING NONE

Recent HPD

  • Mar 17, 2026Class B · § 27-2005, 2007 ADM CODE AND DEPT. RULES AND REGULATIONS. REMOVE THE ENCUMBRANCE OBSTRUCTING EGRESS FROM FIRE ESCAPES AIR CONDITIONING UNIT AT BUILDING FRONT BALCONY AT FIRE ESC...
  • Feb 9, 2026Class C · § 27-2024 ADM CODE PROVIDE ADEQUATE SUPPLY OF COLD WATER FOR THE FIXTURES NO RUNNING COLD WATER IN THE ENTIRE APARTMENT LOCATED AT APT 3A, 3rd STORY, 1st APARTMENT FROM SOUTH AT...
  • Feb 9, 2026Class C · § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES IN THE ENTRA...
  • Feb 9, 2026Class C · § 27-2024 ADM CODE PROVIDE ADEQUATE SUPPLY OF HOT WATER FOR THE FIXTURES NO RUNNING HOT WATER IN THE ENTIRE APARTMENT LOCATED AT APT 3A, 3rd STORY, 1st APARTMENT FROM SOUTH AT WEST

Recent Transfers (ACRIS)

  • Jan 24, 2020DEED

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.