Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
3429 Atlantic Avenue

For Sale · Listing by Foxworth Realty Inc

3429 Atlantic Avenue

Cypress Hills, Brooklyn

$2,998,000

Interested in this property?
Active For Sale Mixed Use

$2,998,000

3429 Atlantic Avenue

Cypress Hills, Brooklyn

MLS® #RLS20079918

RLS at REBNY

Listing by Foxworth Realty Inc

Studio
1
Bath
N/A
Sq. Ft.
1900
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1900
Ownership None
Property Taxes $25,296/yr
Neighborhood Cypress Hills

Property Highlights

  • Character: Pre-war building (1900)

Property Details

Type Mixed Use
Ownership None
Total Rooms 2
Baths 1 Full
Heating Other
Cooling None
Pets Yes
Year Built 1900
Structure Type None
Furnished Unfurnished
Parcel # 04148-0067
Block/Lot 04148/0067

Listing History

Event Date Price Change
Listed Mar 27, 2026 $3,500,000 -
Currently Aug 15, 2026 $2,998,000 -14.3%

Description

Make it your own. This is a great opportunity for entrepreneurs and investors. The area is being gentrified. The existing building has an automobile repair shop that repairs European, sports and luxury cars. The roof was recently replaced. It also has new plumbing. Atlantic Avenue is a prime thoroughfare that is 10 miles long and goes through Brooklyn and Queens. The City has been laying new pipes on Atlantic Avenue. The building is a corner building and is very visible. It is zoned R5 which is commercial and residential. It could be used as a gym, laundry, auto dealership, super market, restaurant etc. Because of it's size there is a lot of possibility.

Features & Amenities

Interior Features

High Ceilings Building None None

Building Information

Financial Details

RE Taxes $25,296/yr ($2,108/mo)
Original Price $3,500,000
Previous Price $3,500,000

Cypress Hills sits on elevated terrain in northeastern Brooklyn with wood-frame Victorian rowhouses, modest brick and limestone townhomes, and restored two-family homes along Euclid Avenue, Hemlock Street, and Lincoln Avenue. The J and Z trains run along the elevated Fulton Street corridor with multiple local stops, and Broadway Junction provides A, C, and L train connections. Highland Park and the restored Ridgewood Reservoir offer hilltop green space with panoramic skyline views.

Cypress Hills Live Market Data

View Neighborhood

Active Listings

5

Median Asking Price

$595K

Median $/Sqft

$335

Avg Days on Market

N/A

New This Week

0

Price Reduced

60%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 8/15/26, 5:43 PM EST

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Location

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3429 Atlantic Avenue, Cypress Hills, Kings County

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
1
Floors
R5
Zoning District

Tax & Assessment

Assessed Value: $284,850
Land Value: $45,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 4,272 SF
Building Area: 4,272 SF
Built FAR: 1
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $25,296, or roughly $2,108 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20079918
First Listed: 3/27/2026
On Market: 3/27/2026
Price Changed: 5/13/2026
Contract Date: 3/20/2026

Listing Courtesy of Foxworth Realty Inc - Eugenia C Foxworth

Listing Contact: (212) 368-4902

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/15/2026 at 9:43 PM UTC

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Cypress Hills Market Update

0 sales last 30 days · $595K median · N/A supply

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New listings in this neighborhood

Quick Facts

Monthly Costs Estimate

Down Payment 20%

$599,600

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $2,108
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$37,475

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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