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Property view

547 Atlantic Avenue, 
Brooklyn, NY 11217

$15,000,000

—

Bed

—

Bath

-

Sq Ft

0.12

Acres (Lot)

Land

Active

Listed by

Mari Mineh

Gw Realty Inc.

917-449-3902

Last updated:

September 14, 2026, 07:47 PM

MLS#

502110

Source:

BROOKLYN

About This Land

547 Atlantic Avenue

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 maximize 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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.12

MLS #:

502110

Last Updated:

September 14, 2026, 07:47 PM

Added:

3 month(s) ago

Rooms & Interior

Interior

Living Area:

7,590 Sq. Ft.

Structure

Structure

Building Area:

7,590 Sq. Ft.

Year Built:

1900

Finances & Disclosures

Finances

Price:

$15,000,000

Price per Sq. Ft:

$1,976 per Sq. Ft.

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.