746 UTICA AVE Brooklyn, NY 11203
Fully leased corner storefront building with eight tenants and tenant-paid utilities for reduced landlord expenses.
- Added:
- Jun 9, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 20 at 10:17 am
Property Features for 746 UTICA AVE
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 0.19 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1931
Listing office Commercial Acquisitions
Listing date Jun 9, 2026
Source Crexi
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 Commercial Acquisitions
Investment Insights
Based on property information with market context.
The asset is located at 746 Utica Ave in Brooklyn, New York. As a corner property, it benefits from storefront presentation and visibility to the street, which can be helpful for retail businesses seeking direct customer access.
For buyers and tenants evaluating retail space, the current occupancy and tenant-paid utilities are key operational considerations. With utilities handled directly by tenants, the building’s expense structure is streamlined relative to ownership models where the landlord covers utilities. The size and corner configuration also make the property worth reviewing for retail operators that value established, multi-tenant storefront exposure.
Key Highlights
- Corner, single‑story retail building built in 1931
- Fully occupied with 8 tenants all paying
- Full‑lot site of approx. 81x100 ft with building footprint of ~81x96 ft
Local Financial Insights For Retail
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 | $489.9k | $77.76 |
| − Vacancy | −$58.3k | −$9.25 |
| EGI | $431.6k | $68.51 |
| − OpEx | −$129.5k | −$20.55 |
| NOI | $302.1k | $47.95 |
