[NEWSFLASH: December 29, 2011]:

We are very excited to bring to your attention our closing today of 700 Atlantic Avenue, Brooklyn, NY. We closed today on this multi-level commercial, architecturally rich and well positioned building for a purchase price believed to be a steep discount to value. This Prime Retail Space is located in the heart of Brooklyn's Atlantic Ave neighboring Barclay's Center & Atlantic Terminal one block down from Altantic Mall.

The assessed “as is” property value today is above $10 Million Dollars. Once repositioned, the property value will be increased significantly. Various concepts are in play as to its repositioning, each one meriting its own risk / reward equilibrium and respective valuation. The various repositioning plans, enhancing its value significantly, are illustrating a wide range of projections and NOI forecasts. Based on observation in the market, the NOI should easily perform at $1.2M, although important to note that we are targeting an NOI over $2.5M. Based on our analyses along with market research, this target is conceivable and in prime focus. These factors render valuations between $15M to over $35 Million dollars. The current predevelopment period will provide clarity in the actual performance.

Jacobs Real Estate Advisors closed very quickly on this estate sale which had to close before year end 2011. There is now $750,000 available for any investors who wish to participate. For every $155,000 we are offering 1% equity plus 10% preferred accrued return. The required minimum overall investment is $250,000. For anybody who wishes to participate please contact Sholom Jacobs directly at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 212-868-1234 x100.

700 ATLANTIC AVE, BROOKLYN, NY