Building Details

Building Size 3,135 SF

Year Built 1931

Buildings 2

Tenancy Multi

Listing Agency: 5 Boro Realty Corp Show Phone

Listed By: Nina Sabag · License #10311207532 Show Phone

Source: Croninreale

Added: Jun 30 Changed: Oct 23 Last Checked: Oct 23 at 9:51AM

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Investment Insights

Based on property information with market context.

At 2149–2151 Utica Avenue, this mixed-use offering comprises two adjacent properties with commercial and residential occupancy. The recorded property size is 3,135 square feet, and the buildings date to 1931. A vacant commercial unit is available for lease, alongside space occupied by established tenants.

The properties are in Brooklyn, NY, and carry R3-2 zoning.

Key Highlights

• Two adjacent properties at 2149–2151 Utica Avenue
• 3,135 square feet; built in 1931
• R3‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$150,338

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,006,760 $3.0M

Cap Rate 7%

$2,147,686 $2.1M

Cap Rate 9%

$1,670,422 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,135 SF

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 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 (±1% cap)

NOI $150,338 @ 7.0% cap · market cap 7.16%

Second Best

Mixed Use

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,801 @ 7.0% cap · market cap 5.42%

Theoretical Best

Specialty Retail

$2.60M

$2.27M – $3.03M (±1% cap)

NOI $181,705 @ 7.0% cap · market cap 8.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flatbush Copy Center (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Spa & Massage Center Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,922

Businesses Nearby

166k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 58% Dining 30% Groceries 10% Hotels & Casinos 2%

McDonald's Dining

44,677 visits/mo 0.2 miles

Speedway Shops & Services

24,099 visits/mo 0.5 miles

Dollar Tree Shops & Services

20,258 visits/mo 0.4 miles

Key Food Groceries

17,150 visits/mo 0.2 miles

7-Eleven Shops & Services

10,136 visits/mo 0.1 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial and residential occupancy is paired with a vacant commercial unit available for lease.

Where is this mixed-use property located?

The property is located at 2149 Utica Avenue 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 properties at 2149–2151 Utica Avenue; 3,135 square feet; built in 1931; R3‑2 zoning