Atlas Capital Group, a full-service real estate investment, development and management firm based in New York, today announced that it has purchased 80 Dekalb Avenue in Brooklyn. Situated on the border of Downtown Brooklyn and Fort Greene, the building is a 36-story, multifamily property with 365 apartment units, 4,900 square feet of commercial retail space and a 126-parking space garage. The terms of the deal are undisclosed.
Known for its modern architecture and floor-to-ceiling windows, 80 Dekalb Avenue, which was completed in 2010, offers stunning views of the Manhattan skyline and Brooklyn’s cultural landmarks. The building features luxury amenity spaces, including a fitness center, kid’s playroom, concierge service and proximity to premier dining, shopping and public transportation.
“We’re pleased to continue to invest in New York City by expanding our Brooklyn residential portfolio with 80 Dekalb Avenue,” said an Atlas representative. “We are confident that our operational expertise will allow us to continue providing a great tenant experience for current and future residents.”
Atlas believes the property is ideally situated to capture the attention of renters who want to be in a desirable Downtown Brooklyn location with incredible access to the rest of New York City. The property is currently fully occupied and there is continued demand for luxury rental product in this submarket.
80 Dekalb Avenue is Atlas Capital Group’s second building acquisition in Brooklyn. In 2021, the firm acquired The Denizen, a luxury multifamily project located in Bushwick. Atlas Capital Group is also co-developing a luxury condominium in Manhattan’s West Village at 80 Clarkson Street. Expanding a full city block, when completed, the development will offer approximately 100 luxury residences within two towers.
About Atlas Capital Group
Atlas Capital Group, LLC is a full-service real estate investment, development and management firm. The firm was founded in 2006 by Jeffrey A. Goldberger and Andrew B. Cohen to invest in opportunistic and value-added real estate transactions in core gateway cities, with a primary focus on New York and Los Angeles. Atlas’ vertically integrated team includes more than 100 professionals staffed across real estate disciplines, including construction, leasing, development, asset management, property management, accounting, and legal. To date Atlas has invested over $4 billion of equity in the United States across 65 office, retail, residential, hotel, industrial, and mixed-use real estate investments comprising over 14 million square feet and $7 billion of total capitalization. For more information, please visit www.atlas-cap.com
