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    Brooklyn Office Building For Sale Title is generated by Realmo AI

    455 Utica Ave, Brooklyn, NY

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    3,500 SF office building available in Brooklyn, New York.

    Type:OFFICE
    Property size:
    3,500 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $371/SF
    Added:
    Mar 27, 2024
    Days on Market:
    831
    Last Refresh:
    May 20 at 9:19 pm

    Property Features for 455 Utica Ave

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.04 Acres
    Property subtype
    OFFICE

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    Jack Sardar
    Jack Sardar

    Listing office Tri State Commercial Realty

    Listing date Mar 27, 2024

    Source Moodyscre

    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

    HighLights

    • 3,500 SF office building available.
    • Located in Brooklyn, New York.
    • Office building.
    • Available.

    Overview

    A 3,500 square foot office building is available for sale in Brooklyn, New York.

    Local Financial Insights For Office B

    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 $151.2k $43.20
    − Vacancy −$34.8k −$9.94
    EGI $116.4k $33.26
    − OpEx −$29.1k −$8.32
    NOI $87.3k $24.95
    3,500 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,318 @ 7.0% cap · market cap 6.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.90M
    $2.54M – $3.38M (±1% cap)
    NOI $202,860 @ 7.0% cap · market cap 15.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zanders Takeout Restaurant Levine And Wiss, PLLC Law Firm Washington Law Firm ... Law Firm Construction Site Accidents Law Firm

    Suggested Use

    Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Bar & Pub Gym & Fitness Center Acupuncture Nursing Home Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9312
    Latitude
    40.6622

    FAQs

    What type of property is this?
    Office building - 3,500 SF office building available in Brooklyn, New York.
    Where is this office building located?
    The property is located at 455 Utica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 3,500 SF office building available.; Located in Brooklyn, New York.; Office building.
    (718) 437-6100 Call to check price and availability
    More about this property
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