Turnkey Restaurant with Office
For Sale
Contact for pricing
410 Utica Ave, Brooklyn, NY 11213
Three-unit building with separate electric meters, first-floor restaurant, and two second-floor offices; delivered vacant.
Property Size2,772 SF
Price / SF$450.94
Days on Market259
Property Features for 410 Utica Ave
General Information
Standard status
Active
Size
2,772 SF
Property subtype
RETAIL
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: Dec 22, 2025
Changed: Aug 13
Last Checked: Jul 22 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tri State Commercial Realty
Investment Insights
Based on property information with market context.
Turnkey restaurant on the first floor with a second floor configured as two separate offices. The property contains three commercial units, with gas and heat on for the Store, Front 1st Floor, and Back 1st Floor. Each unit has its own electrical meter, and the property is reported to have no open violations.
The building is located in Brooklyn’s Crown Heights neighborhood, between Montgomery St and Crown St, near the Crown Heights–Utica Ave subway station. Transit options include the 3, 5, 4, and 2 trains at Crown Heights–Utica Ave, plus the B46, B17, B12, and B46-SBS bus lines.
The lot measures 18 x 81, with building dimensions of 18 x 75, for a total of three commercial units.
The building is located in Brooklyn’s Crown Heights neighborhood, between Montgomery St and Crown St, near the Crown Heights–Utica Ave subway station. Transit options include the 3, 5, 4, and 2 trains at Crown Heights–Utica Ave, plus the B46, B17, B12, and B46-SBS bus lines.
The lot measures 18 x 81, with building dimensions of 18 x 75, for a total of three commercial units.
Key Highlights
- Turnkey 3‑unit building with a restaurant on the first floor and two separate offices on the second floor
- Three units have separate electric meters; gas and heat are on for Store, Front 1st Floor, and Back 1st Floor
- Delivered vacant; ready for new owner‑occupant or tenant
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
$69,156
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
5.53%
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%
$1,383,120
$1.4M
Cap Rate 7%
$987,943
$987.9K
Cap Rate 9%
$768,400
$768.4K
Market Conditions
NOI Build-Up for 2,772 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
$119.8K $43.20/SF
− Vacancy
−$27.5K −$9.94/SF
EGI
$92.2K $33.26/SF
− OpEx
−$23.1K −$8.32/SF
NOI
$69.2K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,383,120
Cap Rate 7%
$987,943
Cap Rate 9%
$768,400
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,665 @ 7.0% cap · market cap 12.85%
Second Best
Office B
$987.9K
$864.5K – $1.15M
NOI $69,156 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,572
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fix-U-Plate — 1139 Clarkson Ave, Brooklyn, NY 11212
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three-unit building with separate electric meters, first-floor restaurant, and two second-floor offices; delivered vacant.
Where is this conventional restaurant located?
The property is located at 410 Utica Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turnkey 3‑unit building with a restaurant on the first floor and two separate offices on the second floor; Three units have separate electric meters; gas and heat are on for Store, Front 1st Floor, and Back 1st Floor; Delivered vacant; ready for new owner‑occupant or tenant
