Two-Story Mixed-Use
For Sale
$1,550,000
847 Utica Avenue, Brooklyn, NY 11203
Ground-floor commercial space is paired with two apartments, a finished basement, and a backyard.
Property Size2,600 SF
Price / SF$596.15
Days on Market335
Property Features for 847 Utica Avenue
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Zoning
R5/C1-2
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Mixed-Use Components
commercial, residential
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$25,007
Amenities
central A/C
backyard
finished basement
Building Details
Building Size
2,600 SF
Year Built
1931
Buildings
1
Stories
2
Units
1
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Nov 26, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This two-story mixed-use property combines a ground-level commercial space with two apartments upstairs. The residential floor includes one two-bedroom unit and one one-bedroom unit. Renovations have been completed in the commercial space and the two-bedroom apartment. A 10-ton central air-conditioning system serves the commercial space, while a finished basement and backyard add to the property’s physical layout. The building contains 2,600 square feet and dates to 1931.
The property is at 847 Utica Avenue in Brooklyn, near Church Avenue. Its zoning designation is R5/C1-2. A sprinkler system serves the staircase and hallway on the upper floor.
The property is at 847 Utica Avenue in Brooklyn, near Church Avenue. Its zoning designation is R5/C1-2. A sprinkler system serves the staircase and hallway on the upper floor.
Key Highlights
- 2,600‑square‑foot mixed‑use building with commercial space and two apartments
- Upper floor has one two‑bedroom unit and one one‑bedroom unit
- Renovated commercial space and two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,682
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,493,640
$2.5M
Cap Rate 7%
$1,781,171
$1.8M
Cap Rate 9%
$1,385,356
$1.4M
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$202.2K $77.76/SF
− Vacancy
−$24.1K −$9.25/SF
EGI
$178.1K $68.51/SF
− OpEx
−$53.4K −$20.55/SF
NOI
$124.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,493,640
Cap Rate 7%
$1,781,171
Cap Rate 9%
$1,385,356
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.
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,058
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with two apartments, a finished basement, and a backyard.
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: 2,600‑square‑foot mixed‑use building with commercial space and two apartments; Upper floor has one two‑bedroom unit and one one‑bedroom unit; Renovated commercial space and two‑bedroom apartment
