1348 Utica Ave Brooklyn, NY 11203
- Auto shops
- 1,200 SF
- 0.05 lot acres
Current Use by Public Records
- RH Auto Repair Corp. / Auto Repair Shop
Property Details for 1348 Utica Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 1,200 SF
- Zone code
- M1-1
- Property type
- Auto shops
- APN
- 04784-0008
- APU
- 47840008
Description
This exceptional investment opportunity presents a vacant 1,600-square-foot warehouse situated on a 0.05-acre lot at 1348 Utica Avenue in the East Flatbush section of Brooklyn, New York, zip code 11203. The property is zoned M1-1 and offers significant potential for a variety of uses. The main warehouse space measures 20 feet wide by 80 feet long, providing ample room for storage or manufacturing. In addition to the ground floor warehouse, there is an approximately 500-square-foot office space located on the second floor, adding versatility to the property. The total building area, including the upstairs office, is approximately 2,100 square feet. This property is ideally located in a vibrant and accessible area of Brooklyn, offering easy access to major transportation routes and a strong local market. The asking price for this turnkey warehouse is $750,000. This represents a compelling opportunity for investors seeking a well-located, versatile industrial property in a rapidly developing area of Brooklyn. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. Don't miss this chance to acquire a valuable asset in a prime Brooklyn location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $555,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $570,000
- Mixed-Use
- $605,000
- Hospitality
- $625,000
- Educational
- $615,000
- Residential Income
- $685,000
- Energy
- $720,000
- Income-Based Land
- $530,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9294
- Latitude
- 40.6395
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA