455 Utica Ave Brooklyn, NY 11203
- Retail residential properties
- 3,292 SF
- 0.04 lot acres
Current Use by Public Records
- Zanders Takeout / Jamaican Restaurant
- Levine And Wiss, PLLC / Personal Injury Attorney / Civil Law Attorney
- Washington Law Firm P.C. / Attorney
- Construction Site Accidents / Legal Services
Property Details for 455 Utica Ave
- Year built
- 1993
- Lot size
- 0.04 lot acres
- Property size
- 3,292 SF
- Zone code
- C8-2
- Property type
- Retail residential properties
- APN
- 04591-0080
- APU
- 45910080
Description
This exceptional 2,000-square-foot restaurant space is ideally situated at 455 Utica Avenue in Brooklyn, New York, within the vibrant Crown Heights and East Flatbush neighborhoods. The property boasts a single-tenant occupancy and is zoned C8-2, offering significant potential for a variety of culinary ventures. The building's interior is already fully built out as a restaurant, minimizing initial setup costs and allowing for a swift commencement of operations. The location benefits from excellent visibility and accessibility, situated between East New York Avenue and Maple Street. Public transportation is readily available, with the 3 train at the Sutter Avenue-Rutland Road station within walking distance. Additional transit options include the 2, 3, 4, and 5 trains at Crown Heights-Utica Avenue, as well as the B12, B17, and B46 bus lines. The area enjoys a high concentration of foot traffic and boasts a strong retail presence, with nearby establishments including Chase, Citi Bank, Blink Fitness, Walgreens, Wendy's, McDonald's, Apple Bank, C-Town Supermarkets, White Castle, and Dunkin'. This prime location offers unparalleled convenience and exposure, making it an exceptional opportunity for a discerning restaurateur seeking a thriving business environment in a densely populated and highly accessible area of Brooklyn, Kings County, New York, zip code 11203.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $340,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $350,000
- Mixed-Use
- $350,000
- Hospitality
- $350,000
- Educational
- $305,000
- Residential Income
- $375,000
- Energy
- $315,000
- Income-Based Land
- $370,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9312
- Latitude
- 40.6623
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
