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    OFF-MARKET Estimated value $595,000
    Auto shops

    1348 Utica Ave, Brooklyn, NY 11203-6616

    1,200 SF 0.05 ac lot Built 1931
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-2728471
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1931
    Total area 1,200 SF
    Lot 0.05 ac (2,000 SF)
    Zoning code M1-1
    APN 04784-0008
    UPID US63-2728471
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • RH Auto Repair Corp. Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $590k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $595k
    Owner & transaction history
    1348 Utica Ave Corporation · 3 yrs held
    1348 Utica Ave Corporation
    since 2023
    Last sale
    $600,000
    1 recorded transaction
    2023
    $600,000
    Zoning & alternative use
    M1-1 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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