Multifamily Residential Income
2221 Utica Avenue Brooklyn, NY 11234
New
2221 Utica Avenue, Brooklyn, NY, 11234
$749,000
For Sale
$749,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,254 SF
Lot Size0.05 Acres
Price / SF$597.29
Days on Market3
Property Features for 2221 Utica Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C8-1
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,254 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6360
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Concrete, Ceramic, Carpet, Hardwood
- Building materials
- Block, Wood Frame, Masonry
- Roof type
- Shingle, Asphalt, Flat
Listing Agency
Suits Realty LLC
(646) 714-9366
2109 E 22nd Street, Brooklyn, NY
Listed by
Sheraz Ali
(646) 714-9366
Added: Jul 14 Checked: Jul 16 at 7:06 pm
MLS# 503037
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
2221 Utica Avenue is a multifamily residential income property offered for sale in Brooklyn, NY. The building is listed with a property size of 1,254 square feet and sits on a lot of 0.0459 acres.
The property is zoned C8-1, supporting multifamily residential use within the applicable zoning framework. This offering is positioned as a “value-add” opportunity in the public remarks, with updates referenced as a path to improving the property’s performance.
For buyers and brokers, this is a straightforward residential income building with documented size and zoning details, offered at a single address in Brooklyn’s 11234 area.
The property is zoned C8-1, supporting multifamily residential use within the applicable zoning framework. This offering is positioned as a “value-add” opportunity in the public remarks, with updates referenced as a path to improving the property’s performance.
For buyers and brokers, this is a straightforward residential income building with documented size and zoning details, offered at a single address in Brooklyn’s 11234 area.
Key Highlights
- 2221 Utica Avenue in Brooklyn (based on provided remarks)
- Year built: 1920
- Interior features include refrigerator and stove
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.0k | $56.64 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $69.6k | $55.51 |
| − OpEx | −$31.3k | −$24.98 |
| NOI | $38.3k | $30.53 |
1,254 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$546.9K
$478.5K – $638.1K
NOI $38,283 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$908.5K – $1.21M
NOI $72,682 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Urban Empire Media ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Residential income multifamily property for sale with C8-1 zoning in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 2221 Utica Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2221 Utica Avenue in Brooklyn (based on provided remarks); Year built: 1920; Interior features include refrigerator and stove
