This is a commercial warehouse located on a major commercial corridor in East New York on Atlantic Avenue. The area was recently re-zoned allowing for much more flexibility in the type of asset class that can be built. The building, which can be delivered vacant, is a 79′ x 86′, three-story commercial building made of fireproof steel and comprising 5 units. The property is equipped with a freight elevator that can access each of the floors, including the cellar which is 6,400 sqft below grade. The property is prime for an investor to purchase 24,500 sqft, or alternatively a developer can demolish the warehouse and erect a 49,518 square feet (as of right) mixed-use asset in an emerging and highly desirable neighborhood in East New York (see rendering). Recent new construction in the area includes the following projects: 2501 Pitkin Avenue, 656 Stanley Avenue and Nehemiah Spring Creek on Schroeders Avenue and Vandalia Avenue. The newly built Gateway Center which boasts Target, Best Buy, ShopRite, Home Depot, Olive Garden and Nostrand Rack has helped gentrify the area. The subject property is 2 blocks away from the J train at Cleveland Street Station and 4 blocks from the A and C line at Shepherd Avenue Station making all of New York City very accessible.