1348 Utica Ave, Brooklyn, NY 11203-6616
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.
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RH Auto Repair Corp. Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.