952 Utica AveBrooklyn, NY 11203

For Sale
$1,800,000

Five-unit building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 952 Utica Avenue in Brooklyn, NY, presents a compelling value-add investment opportunity. The 3,810 square foot, three-story building, constructed in 1931 and partially renovated three years ago, boasts five units: a ground-floor commercial space currently occupied by a café, a studio apartment (convertible to a two-bedroom), and three two-bedroom apartments. All residential units feature full kitchens and bathrooms, hardwood floors, and 10-foot ceilings with stainless steel appliances. The building benefits from a finished basement with backyard access, a gas boiler and water heater, and individual gas and electric meters. The commercial space and studio apartment have an HVAC system connected to the building's boiler

Highlights

  • Prime investment opportunity with below-market rents; value-add potential through apartment upgrades and individual unit utilities.
  • Studio apartment convertible to a two-bedroom duplex, commanding $3,500/month rent. Basement offers potential for additional income via storage or laundry facilities.
  • Strong user opportunity: ground floor commercial space combined with upper-floor residential units for owner-occupancy.
  • Excellent location on a busy street with high foot traffic, nearby retail, supermarkets, and restaurants; convenient access to public transportation (B46 bus and 3, 4, 5 subway lines).

Property Details for 952 Utica Ave

Property type
Multifamily properties, Other mixed-use properties
Square Feet
3,810 SF
Class
B
Year Built/Renovated
1931/3
Buildings
1
Stories
3
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6496889
Longitude
-73.9305053
952 Utica Ave, Brooklyn, New York
Leaflet | © OpenStreetMap contributors

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952 Utica Ave
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