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    1859 Utica Ave Brooklyn, NY 11234

    Sponsored
    For Sale
    $5,000,000

    Prime Brooklyn location, 16,000 sq ft lot

    Property size:
    9,679 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located at 1859 Utica Avenue in Brooklyn, NY, presents a unique investment opportunity. The 9,679 square foot building sits on a substantial 16,000 square foot lot, offering significant redevelopment potential. Currently operating as a car wash, the property's expansive footprint and multiple entrances make it ideal for a variety of commercial uses, including industrial, retail, or upscale office spaces. The two-story building features ceiling heights ranging from 11 to 15 feet, providing ample space and flexibility for diverse business needs. Its strategic location in the heart of Brooklyn offers excellent accessibility, with proximity to the 5 and 2 subway lines at Flatbush Avenue, as well as several bus routes (B46, B46-SBS, BM1, B82, B82-SBS, and B7). The asking price for this remarkable property is $5,000,000. This is a rare chance to acquire a large commercial property in a thriving Brooklyn neighborhood, poised for significant future growth and return on investment. Don't miss this opportunity to transform this existing structure or redevelop the entire lot to suit your business vision. The property is zoned for commercial use and is ready for immediate occupancy or redevelopment. The Kings County location provides access to a robust workforce and a vibrant consumer base.

    Property Features for 1859 Utica Ave

    General Information

    Property type
    Land
    Square Feet
    9,679 SF

    Building Details

    Stories
    2
    Units
    1

    HighLights

    • $5,000,000 asking price.
    • 16,000 SF lot size.
    • 9,679 SF building.
    • Located at 1859 Utica Avenue, Brooklyn, NY 11234.
    • 11‑15 foot ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nollies Auto Care Auto Repair Shop D johns collision ... Auto Body Shop Brooklyn Barge Fish ... Fish & Chips Restaurant Seville Wash DBA ... Car Wash

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9274588
    Latitude
    40.6270343

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn location, 16,000 sq ft lot
    Where is this land located?
    The property is located at 1859 Utica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price.; 16,000 SF lot size.; 9,679 SF building.
    Request Owner's contact information
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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
    1859 Utica Ave Brooklyn, NY 11234
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