Adjacent Mixed-Use
For Sale
Contact for pricing
964 Utica Ave, Brooklyn, NY 11203
Two connected structures combine residential apartments with commercial space in East Flatbush.
Property Size5,160 SF
Price / SF$334.30
Days on Market197
Property Features for 964 Utica Ave
General Information
Standard status
Active
Size
5,160 SF
Property subtype
Multifamily
Zoning
R5, C2-2
Occupancy
83%
Net Operating Income
$123,597
Additional Details
Public Transit
Yes
Multifamily Units
10
Building Details
Buildings
1
Stories
3
Units
5
Tenancy
Multi
Listing Agency:
Sinclair Realty Group
Listed By:
Romain Sinclair · License #10491213605
Source:
Crexi
Added: Apr 7
Changed: Oct 10
Last Checked: Oct 19 at 3:34AM
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 Sinclair Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property comprises two adjoining buildings at 964 & 966 Utica Ave, with approximately 9,840 square feet across the combined structures. The residential component contains 10 apartments, while the commercial portion includes 2 spaces, creating a blend of apartment and storefront occupancy within one offering.
The property is situated in East Flatbush, Brooklyn. Beverly Rd station, served by the 2 and 5 trains, is identified as the closest subway stop, providing transit access for residents, commercial occupants, and visitors.
The property is situated in East Flatbush, Brooklyn. Beverly Rd station, served by the 2 and 5 trains, is identified as the closest subway stop, providing transit access for residents, commercial occupants, and visitors.
Key Highlights
- Approximately 9,840 SF across two adjoining mixed‑use buildings
- 10 apartments within the residential component
- 2 commercial spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,529
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,150,580
$3.2M
Cap Rate 7%
$2,250,414
$2.3M
Cap Rate 9%
$1,750,322
$1.8M
Market Conditions
NOI Build-Up for 5,160 SF
Gross rent
$292.3K $56.64/SF
− Vacancy
−$5.8K −$1.13/SF
EGI
$286.4K $55.51/SF
− OpEx
−$128.9K −$24.98/SF
NOI
$157.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,150,580
Cap Rate 7%
$2,250,414
Cap Rate 9%
$1,750,322
Alternative Uses
Best Use
Mixed Use
$2.68M
$2.34M – $3.12M
NOI $187,308 @ 7.0% cap · market cap 10.86%
Second Best
Apartment 5plus
$2.25M
$1.97M – $2.63M
NOI $157,529 @ 7.0% cap · market cap 9.13%
Theoretical Best
Specialty Retail
$4.27M
$3.74M – $4.98M
NOI $299,074 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected structures combine residential apartments with commercial space in East Flatbush.
Where is this mixed-use property located?
The property is located at 964 Utica Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Approximately 9,840 SF across two adjoining mixed‑use buildings; 10 apartments within the residential component; 2 commercial spaces included
