Property from 547 Atlantic Avenue - KW

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 OpportunityThe proposed development envisions a luxury boutique hotel with integrated retail and parking components designed to maximize both room revenue and ancillary income streams.Prime Atlantic Ave. frontageAdjacent to Barclays Center and Atlantic TerminalApp. 21,600 buildable square feetStrong transit connectivityHigh barriers to entry for new hospitality developmentsOpportunity for premium room rates driven by event demandProposed ProgramBoutique Hotel: 55-75 KeysGround Floor RetailWellness / Spa ComponentRooftop Lounge or Event SpaceRevenue SourcesHotel Room RevenueFood & Beverage OperationsRetail RentParking RevenueEvent & Meeting Space RentalsWellness / Spa RevenueMarket PositioningThe property is positioned to capture demand generated by:Brooklyn business travelDowntown Brooklyn corporate officesBrooklyn tourismVisiting families and university-related travelIllustrative Financial OutlookAssuming:65 Hotel KeysAverage Daily Rate (ADR): $325-$425Occupancy: 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.