Mixed-Use Investment with Vacant Retail
For Sale
$2,100,000
2149 UTICA AVE, Brooklyn, NY 11234
COMMERCIAL - Brooklyn, NY
Property Size3,135 SF
Lot Size0.09 Acres
Price / SF$669.86
Days on Market66
Property Features for 2149 UTICA AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Subdivision
Flatlands
Standard status
Active
Size
3,135 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
49250
Building Details
Floors in Building
1
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Jun 30
Changed: Aug 4
Last Checked: Sep 3 at 6:06PM
MLS# 11863336
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.
2149-2151 Utica Avenue presents two adjacent income-producing properties in a mixed-use configuration, combining commercial and residential occupancy. The property includes established tenants with a history of timely rent payments, supporting dependable day-to-day operations. In addition to the currently occupied space, there is additional vacant commercial space available for lease.
Located along Utica Avenue in Brooklyn, the properties benefit from visibility and accessibility in a high-demand Brooklyn corridor. The mix of commercial and residential occupancy offers flexibility for ongoing leasing and future rent growth as the vacant unit is brought online.
With two adjacent buildings under one offering, this setup is designed for buyers looking for established tenancy, continuity in rental payments, and the opportunity to improve overall income through leasing the available commercial space.
Located along Utica Avenue in Brooklyn, the properties benefit from visibility and accessibility in a high-demand Brooklyn corridor. The mix of commercial and residential occupancy offers flexibility for ongoing leasing and future rent growth as the vacant unit is brought online.
With two adjacent buildings under one offering, this setup is designed for buyers looking for established tenancy, continuity in rental payments, and the opportunity to improve overall income through leasing the available commercial space.
Key Highlights
- Two adjacent income‑producing properties at 2149‑2151 Utica Avenue
- Mixed commercial and residential occupancy
- Vacant commercial space available for lease
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
$150,338
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
7.16%
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%
$3,006,760
$3.0M
Cap Rate 7%
$2,147,686
$2.1M
Cap Rate 9%
$1,670,422
$1.7M
Market Conditions
NOI Build-Up for 3,135 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
$243.8K $77.76/SF
− Vacancy
−$29.0K −$9.25/SF
EGI
$214.8K $68.51/SF
− OpEx
−$64.4K −$20.55/SF
NOI
$150.3K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
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%
$3,006,760
Cap Rate 7%
$2,147,686
Cap Rate 9%
$1,670,422
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,338 @ 7.0% cap · market cap 7.16%
Second Best
Mixed Use
$1.63M
$1.42M – $1.90M
NOI $113,801 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$2.60M
$2.27M – $3.03M
NOI $181,705 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,873
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 41%
Groceries 11%
Hotels & Casinos 2%
McDonald's
Dining
44,677 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,258 visits/mo
0.3 miles
Key Food
Groceries
17,150 visits/mo
0.2 miles
Starbucks
Dining
15,080 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,136 visits/mo
0.3 miles
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjacent income-producing properties on Utica Avenue with established tenants and a vacant commercial unit.
Where is this mixed-use property located?
The property is located at 2149 UTICA AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two adjacent income‑producing properties at 2149‑2151 Utica Avenue; Mixed commercial and residential occupancy; Vacant commercial space available for lease
