Two-Story Mixed-Use
For Sale
$1,550,000
847 Utica Avenue, Brooklyn, NY 11203
Renovated commercial space anchors two residential units with a finished basement, central air, and backyard area.
Days on Market250
Property Features for 847 Utica Avenue
General Information
Standard status
Active
Property subtype
Commercial
Zoning
R5/C1-2
Taxes and HOA fees
Annual Taxes
$25,007
Building Details
Building Size
2,600 SF
Year Built
1931
Stories
2
Units
1
Listing Agency:
Exit Realty First Choice
(914) 382-2129
Listed By:
Irania Stephens
(914) 382-2129
Source:
Cohenandcohenrealty
Added: Nov 26, 2025
Changed: Aug 2
Last Checked: Aug 2 at 4:08AM
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 Exit Realty First Choice
Investment Insights
Based on property information with market context.
This two-story mixed-use property combines a renovated commercial space at street level with two residential units above. The upper floor includes a renovated two-bedroom unit and a separate one-bedroom unit, while the shared staircase and hallway are sprinklered. The commercial portion is equipped with a 10-ton central A/C system and connects to an expansive backyard. A fully finished basement adds usable support space to the building.
The property is located at 847 Utica Avenue in Brooklyn, near Church Avenue and within the East Flatbush shopping area. Built in 1931, the building carries R5/C1-2 zoning, supporting its mixed commercial and residential configuration.
The property is located at 847 Utica Avenue in Brooklyn, near Church Avenue and within the East Flatbush shopping area. Built in 1931, the building carries R5/C1-2 zoning, supporting its mixed commercial and residential configuration.
Key Highlights
- Mixed‑use building with commercial space and two residential units
- Renovated two‑bedroom and one‑bedroom units on the upper floor
- Renovated ground‑floor commercial space with 10‑ton central A/C
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 | $202.2k | $77.76 |
| − Vacancy | −$24.1k | −$9.25 |
| EGI | $178.1k | $68.51 |
| − OpEx | −$53.4k | −$20.55 |
| NOI | $124.7k | $47.95 |
2,600 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,682 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$1.35M
$1.18M – $1.57M
NOI $94,380 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial space anchors two residential units with a finished basement, central air, and backyard area.
Where is this mixed-use property located?
The property is located at 847 Utica Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Mixed‑use building with commercial space and two residential units; Renovated two‑bedroom and one‑bedroom units on the upper floor; Renovated ground‑floor commercial space with 10‑ton central A/C
