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Property profile & analytics

1348 Utica Ave Brooklyn, NY 11203

  • Auto shops
  • 1,200 SF
  • 0.05 lot acres
Value Estimation
Last Sale
May 09, 2023
$600,000
Location Intelligence
Property ID
US63-2728471
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,663
$22,500
$57,150
$79,650
-
$50,000
$127,000
$177,000
More about this property
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