One-Story Warehouse with Drive-In
For Sale
$2,300,000
1424-30 Utica Avenue, Brooklyn, NY 11203
COMMERCIAL - Brooklyn, NY
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$383.33
Days on Market67
Property Features for 1424-30 Utica Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Subdivision
East Flatbush
Standard status
Active
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
28708
Amenities
drive-in doors
office
bathrooms
skylights
Building Details
Year built
1931
Floors in Building
1
Listing Agency:
RELIABLE SELL & BUY REALTY INC
(718) 265-0066
Listed By:
Mark Geller
(718) 265-0066
Added: Jun 5
Changed: Aug 4
Last Checked: Aug 10 at 10:06AM
MLS# 11801873
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
One-story garage/warehouse offering a 6,000 SF warehouse space built in 1931 on a 0.1377-acre lot. The property is positioned for automotive use with COFO for car repair and includes two drive-in doors, skylights, two office rooms, and three bathrooms.
The warehouse is located at 1424-30 Utica Avenue in Brooklyn, near Utica Ave and King Hwy. The site is described as being in a high traffic area and is offered in an M1-1 zoning district.
For an automotive operator or related user needing straightforward warehouse space with on-site offices, multiple drive-in access points, and skylights, this configuration supports day-to-day repair and storage workflows within a one-story footprint.
The warehouse is located at 1424-30 Utica Avenue in Brooklyn, near Utica Ave and King Hwy. The site is described as being in a high traffic area and is offered in an M1-1 zoning district.
For an automotive operator or related user needing straightforward warehouse space with on-site offices, multiple drive-in access points, and skylights, this configuration supports day-to-day repair and storage workflows within a one-story footprint.
Key Highlights
- 6,000 SF one‑story warehouse/garage on a 0.1377‑acre lot
- M1‑1 zoning district
- COFO for car repair
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,614
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,280
$2.6M
Cap Rate 7%
$1,851,629
$1.9M
Cap Rate 9%
$1,440,156
$1.4M
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$159.8K $26.64/SF
− Vacancy
−$7.4K −$1.23/SF
EGI
$152.5K $25.41/SF
− OpEx
−$22.9K −$3.81/SF
NOI
$129.6K $21.60/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,280
Cap Rate 7%
$1,851,629
Cap Rate 9%
$1,440,156
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 12.51%
Second Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,614 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 1534 Utica Ave, Brooklyn, NY 11234
- Stop and Stor East Flatbush / Flatlands — 4710 Glenwood Rd, Brooklyn, NY 11234
- Schenectady Storage Facility — 1462 Schenectady Ave, Brooklyn, NY 11203
- Safeguard Self Storage — 1635 Albany Ave, Brooklyn, NY 11210
- Tow Truck Repair Service — 1011 E 46th St, Brooklyn, NY 11203
Frequently Asked Questions
What type of property is this?
Warehouse - One-story warehouse with M1-1 zoning and a COFO for car repair, featuring two drive-in doors and skylights.
Where is this warehouse located?
The property is located at 1424-30 Utica Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6,000 SF one‑story warehouse/garage on a 0.1377‑acre lot; M1‑1 zoning district; COFO for car repair
