Mixed-Use Building with Five
Utica Ave Brooklyn, NY 11203
Utica Ave, Brooklyn, NY, 11203
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For Sale
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Three-story mixed-use building featuring a store and apartments.
Property Size3,810 SF
Price / SF$472.44
Days on Market1275
Property Features for Utica Ave
General Information
- Standard status
- Active
- Size
- 3,810 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1931
Listing agency
Brown Harris Stevens
(212) 396-8244
Listed by
Kervin Vales · License #109918089
Source
Crexi
Added: Jan 24, 2023 Updated: Jul 6 at 7:45AM Checked: Jul 21 at 12:56PM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is a 20-foot wide, three-story mixed-use building containing five units. The ground floor features a storefront currently occupied by a beauty salon. Behind the store is a two-bedroom apartment that can be converted into commercial space or connected to the store. The second floor includes a two-bedroom apartment at the front and another two-bedroom apartment at the back. The third floor mirrors this layout, with a two-bedroom apartment at the front and another at the back. Each apartment includes a full kitchen, a full bathroom, and a living/dining area. The units feature hardwood floors and 10-foot ceilings, with kitchens equipped with stainless steel appliances. The gas and electric meters, along with a new gas boiler and gas water heater, are located in the finished basement. The apartments are heated by radiators. The finished basement provides access to the backyard and courtyard. The property is located on Utica Ave in Brooklyn, NY.
Key Highlights
- Five‑unit mixed‑use building with store and apartments.
- Ground floor store with convertible two‑bedroom apartment.
- Each apartment features a full kitchen, full bathroom, and living/dining area.
Local Financial Insights For Mixed Use
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 | $251.5k | $66.00 |
| − Vacancy | −$30.2k | −$7.92 |
| EGI | $221.3k | $58.08 |
| − OpEx | −$83.0k | −$21.78 |
| NOI | $138.3k | $36.30 |
3,810 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.05M
NOI $182,707 @ 7.0% cap · market cap 10.15%
Second Best
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,303 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,828 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building featuring a store and apartments.
Where is this mixed-use property located?
The property is located at 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: Five‑unit mixed‑use building with store and apartments.; Ground floor store with convertible two‑bedroom apartment.; Each apartment features a full kitchen, full bathroom, and living/dining area.
