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2296 Atlantic Ave
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
$1438/sqft vs a nearby median of $440/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
Asking price is about 69.7% above where comps + adjustments land — there is room to negotiate.
- Open Class C HPD violations−$20k −6.0%
- Transit access+$8k +2.5%
- Pre-war character+$8k +2.5%
Property Read
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 history is still limited; review again as more market activity becomes available.
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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
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
Public Records
2 total recorded against the building
6 class C (immediately hazardous)
Tax-lot deed, mortgage, and transfer records on file
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.