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952 Utica Ave Brooklyn, NY 11203

Sponsored
For Sale
$1,800,000

Five-unit building, high potential.

Property size:
3,810 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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

Property Features for 952 Utica Ave

General Information

Property type
Multifamily properties
Square Feet
3,810 SF
Class
B

Building Details

Year Built/Renovated
1931/3
Buildings
1
Stories
3
Units
5

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 Profile Location Intelligence

Current Use by Public Records

Floamod Africa Market ... Restaurant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9305053
Latitude
40.6496889

FAQs

What type of property is this?
Multifamily property - Five-unit building, high potential.
Where is this multifamily property located?
The property is located at 952 Utica Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 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.
More about this property
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