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547 Atlantic Avenue

Brooklyn, NY 11217
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SqFt7,590

Sqft(Lot)

Acres0.12

Acre(Lot)

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 maximi ze 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.

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Detail Ic Property Details

Property Type : Land

Price : $18,955,000

AD Id : 77577422

MLS Id : 502110

Lot Size : 0.12 Acre(Lot)

Living Area Size : 7,590

County : Kings

Subdivision: Metes And Bounds

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Feature Features

  • Building Information

    Year Built: 1900 Building Area Total: 7590 Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 90 x 60 Lot Size Acres: 0.12 Lot Size Square Feet: 5400

  • Listing Price Information

    Listing Price: $18955000 Original Price: $19900000

  • Tax Information

    Tax Lot: 49 Tax Block: 180 Annual Tax: $24312
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/22/2026 @ 13:05

MLS: 502110 LISTED BY: Mari Mineh, GW Realty Inc. 917-449-3902 SOURCE: Brooklyn Board of REALTORS

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