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    1392 Utica Ave Brooklyn, NY 11203

    Sponsored
    For Lease
    Contact for pricing

    Spacious Brooklyn warehouse, ideal for manufacturing.

    Lot size:
    2,041 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This single-tenant industrial property at 1392 Utica Avenue in Brooklyn, NY, offers 2,041 square feet of versatile space, perfect for manufacturing or warehousing needs. Built in 1931, the building features a single story with impressive 20+ foot ceilings, providing ample headroom for various operations. The property sits on a 1,080 square foot lot and includes 5 parking spaces, a significant advantage in this location. The building is currently vacant, presenting an immediate opportunity for occupancy. Power is provided by a 220v circuit breaker system. The property is zoned M1-1, and its convenient location on Utica Avenue, near the cross streets of Farragut Road and Foster Avenue, ensures excellent visibility and accessibility. Located in Kings County (Brooklyn), this property offers a unique chance to establish or expand your business in a thriving area. The address is 1392 Utica Avenue, Brooklyn, NY 11203. This is a rare opportunity to acquire a well-situated industrial space in a prime Brooklyn location. The property's size and features make it suitable for a range of industrial uses. The building's age adds character, while its functionality remains highly relevant for modern business needs. Don't miss this chance to secure this exceptional industrial property.

    Property Features for 1392 Utica Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,041 SF

    Building Details

    Year Built
    1931
    Stories
    1

    Unit(s) available at that property

    Space
    1392 Utica Avenue
    Size
    2,041 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    NYS Inspection Station Car Inspection Station Umer Automotive Inc. Auto Repair Shop NYC Best Roofing Roofing Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -73.9291812
    Latitude
    40.6385529

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    FAQs

    What type of property is this?
    Distribution property - Spacious Brooklyn warehouse, ideal for manufacturing.
    Where is this distribution property located?
    The property is located at 1392 Utica Ave Brooklyn, NY.
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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
    1392 Utica Ave Brooklyn, NY 11203
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