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    455 Utica Ave Brooklyn, NY 11203

    Sponsored
    For Sale
    $1,750,000

    High-return, fully occupied building in East Flatbush.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 455 Utica Avenue in Brooklyn, New York, presents a compelling investment opportunity. The two-story building boasts 3,500 square feet of space, currently operating at 100% occupancy, with an asking price of $1,750,000 and a 7% cap rate. The property features three units, including a commissary kitchen, and currently houses two law firms specializing in different areas of practice. Strategically situated in the vibrant East Flatbush neighborhood, between East New York Avenue and Maple Street, this location offers unparalleled convenience with proximity to the Crown Heights-Utica Avenue subway station (2, 3, 4, & 5 trains) and numerous bus lines (B46, B17, B46, & B12). The high-traffic area is anchored by a diverse range of established businesses, including KFC, White Castle, Island Burger, Crunch Fitness, Wendy's, Metro by T-Mobile, and many more, ensuring consistent foot traffic and visibility. A key advantage is the potential for immediate income generation, as the ground floor unit can be delivered vacant, allowing for flexible lease arrangements and potential for increased rental income. The property's strong tenant base, prime location, and high occupancy rate make it an ideal investment for discerning buyers seeking a stable and profitable venture in a rapidly developing area of Brooklyn. The zip code is 11203.

    Property Features for 455 Utica Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    3,500 SF

    HighLights

    • Two‑story building with three units.
    • Three‑unit building including one commissary kitchen.
    • Two law firms occupy separate units, each specializing in a different area of law.
    • Ground floor available for immediate occupancy.
    • Contact 718‑437‑6100 for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zanders Takeout Jamaican Restaurant Levine And Wiss, PLLC Personal Injury Attorney Washington Law Firm ... Attorney Construction Site Accidents Legal Services

    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
    -73.931183
    Latitude
    40.66232

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    FAQs

    What type of property is this?
    Specialty property - High-return, fully occupied building in East Flatbush.
    Where is this specialty property located?
    The property is located at 455 Utica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Two-story building with three units.; Three-unit building including one commissary kitchen.; Two law firms occupy separate units, each specializing in a different area of law.
    Request Owner's contact information
    455 Utica Ave 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
    455 Utica Ave Brooklyn, NY 11203
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