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    820 Utica Ave Brooklyn, NY 11203

    Sponsored
    For Sale
    $1,999,000

    Utica Ave Investment: Retail, Residential, Office

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 820-822 Utica Avenue in Brooklyn, New York, presents a compelling investment opportunity. Priced at $1,999,000, this "as is" sale includes two retail stores, three residential apartments, and one office space. The building, situated on a 40 x 100 foot lot, boasts dimensions of 40 x 60 feet. Currently occupied by tenants with no formal leases in place, the property offers significant potential for renovation and increased rental income. The property is subject to existing violations. Its prime location on the bustling Utica Avenue corridor provides excellent visibility and accessibility, benefiting from proximity to major transportation hubs and a wide array of established businesses. Conveniently located between Linden Boulevard and Church Avenue, near the Sutter Avenue – Rutland Road subway station (2, 3, 4, & 5 trains), and served by several bus lines (B46, B46-SBS, & B35), this property enjoys exceptional transit connectivity. Nearby, a vibrant commercial landscape includes well-known national brands such as Walgreens, McDonald's, Chase Bank, and many others, ensuring a strong and consistent customer base for the retail spaces. The thriving East Flatbush neighborhood, with its diverse and growing population, guarantees high demand for both residential and commercial units. This property offers a unique chance to capitalize on Brooklyn's dynamic real estate market. Serious inquiries only.

    Property Features for 820 Utica Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 40' x 100' lot.
    • 40' x 60' building.
    • As‑is sale; subject to violations and existing tenants.
    • No existing leases.
    • Two retail spaces.
    • Three residential apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ladykat Varieties llc Clothing Store ORGANICFACE BEAUTYLAB Beauty Salon

    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
    -73.9308283
    Latitude
    40.6530186

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    FAQs

    What type of property is this?
    Multifamily property - Utica Ave Investment: Retail, Residential, Office
    Where is this multifamily property located?
    The property is located at 820 Utica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: 40' x 100' lot.; 40' x 60' building.; As-is sale; subject to violations and existing tenants.
    Request Owner's contact information
    820 Utica Ave Brooklyn, NY 11203
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    Brooklyn, NY 11203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    820 Utica Ave Brooklyn, NY 11203
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