952 Utica Ave Brooklyn, NY 11203
- Investment properties
- 5,160 SF
- 0.04 lot acres
Current Use by Public Records
- Floamod Africa Market & Cafe / Restaurant
Property Details for 952 Utica Ave
- Year built
- 1931
- Lot size
- 0.04 lot acres
- Property size
- 5,160 SF
- Zone code
- R5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04721-0012
- APU
- 47210012
Description
This exceptional mixed-use property at 952 Utica Avenue in Brooklyn, NY, presents a compelling value-add investment opportunity. The 3,810 square foot, three-story building, constructed in 1931 and partially renovated three years ago, boasts five units: a ground-floor commercial space currently occupied by a café, a studio apartment (convertible to a two-bedroom), and three two-bedroom apartments. All residential units feature full kitchens and bathrooms, hardwood floors, and 10-foot ceilings with stainless steel appliances. The building benefits from a finished basement with backyard access, a gas boiler and water heater, and individual gas and electric meters. The commercial space and studio apartment have an HVAC system connected to the building's boiler
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $655,000
- 6.5%
- $775,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $665,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $655,000
- Retail
- $810,000
- Mixed-Use
- $720,000
- Hospitality
- $620,000
- Educational
- $780,000
- Residential Income
- $660,000
- Energy
- $680,000
- Income-Based Land
- $785,000
- Food Service
- $800,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9305
- Latitude
- 40.6497
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
