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Brooklyn Heights Mixed-Use Duo Fetches $8M
Ariel Property Advisors has facilitated the sale of 99 and 103 Atlantic Ave., two mixed-use buildings in Brooklyn Heights’ popular Historic District. The pair of four-story buildings, which are dominated by free-market residential units, sold for $8 million, or $736 per square foot.
Located on the north side of Atlantic Avenue between Hicks Street and Henry Street, the properties total 11 residential units, 10 of which are free market, along with two ground-floor retail units.
Ariel’s Sean R. Kelly and David Khukhashvili represented the seller, Itzhaki Acquisitions, and procured the buyer, Cheever Development.
“The buyer acquired prime turn-key, cash-flowing assets in a neighborhood that has seen substantial appreciation over the past 10 years, as Greater Downtown Brooklyn’s renaissance continues,” said Kelly.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

