East Flatbush Commercial Building For
455 Utica Avenue Brooklyn, NY 11203
455 Utica Avenue, Brooklyn, NY, 11203
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For Sale
Contact for pricing
Two-story commercial building with three fully leased units.
Property Size3,500 SF
Price / SF$371.43
Days on Market118
Property Features for 455 Utica Avenue
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Retail
Listing agency
Tri State Commercial
(718) 437-6100
Listed by
Shlomi Bagdadi · License #NY 10311204539
Source
Crexi
Added: Mar 26 Updated: Jul 6 at 7:55AM Checked: Jul 21 at 2:41PM
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
Investment Insights
Based on property information with market context.
Located in the East Flatbush neighborhood of Brooklyn, 455 Utica Avenue is a two-story commercial building spanning approximately 3,500 square feet. The property features three fully leased units, including a commissary kitchen and two law offices specializing in different legal practices. Situated on Utica Avenue between East New York Avenue and Maple Street, the property benefits from strong foot traffic and proximity to the Crown Heights – Utica Avenue subway station, providing convenient access to public transportation. This active commercial corridor is home to a mix of national retailers, local businesses, and professional services. The surrounding area features dense residential blocks, ensuring steady demand and visibility for commercial occupants. The location is near the 2, 3, 4, and 5 trains at Crown Heights - Utica Ave and the B46, B17, B46, and B12 bus lines. Nearby tenants include KFC, White Castle, Island Burger, Crunch Fitness, Wendy's, Metro by T-Mobile, Utica Car Wash, Family Dollar, Utica Family Dentistry, Sea Kings Steam and Fry Seafood Inc, Utica Wines and Liquors, Raffy's Super Deli Grocery, and Brooklyn Wing House. Utica Avenue serves as a major commercial artery, lined with family-owned restaurants, law offices, beauty salons, and neighborhood retailers that cater to the area’s diverse population. With a stable tenant mix and prime frontage along Utica Avenue, this asset presents long-term income potential in a well-established and transit-accessible commercial district.
Key Highlights
- High visibility location on Utica Avenue with strong foot traffic.
- Three fully leased commercial units provide stable, long‑term income potential.
- Located in the well‑established and transit‑accessible East Flatbush neighborhood.
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
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 15.60%
Second Best
Mixed Use
$1.81M
$1.59M – $2.12M
NOI $127,050 @ 7.0% cap · market cap 9.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Mixed-use property - Two-story commercial building with three fully leased units.
Where is this mixed-use property located?
The property is located at 455 Utica Avenue 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: High visibility location on Utica Avenue with strong foot traffic.; Three fully leased commercial units provide stable, long‑term income potential.; Located in the well‑established and transit‑accessible East Flatbush neighborhood.
