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    FOR LEASE
    Auto shops

    1392 Utica Ave, Brooklyn, NY 11203

    3,004 SF 0.07 ac lot Built 1931
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-3603398
    Property summary
    AI-generated overview

    This single-tenant industrial property at 1392 Utica Avenue in Brooklyn, NY, offers 2,041 square feet of versatile space, perfect for manufacturing or warehousing needs. Built in 1931, the building features a single story with impressive 20+ foot ceilings, providing ample headroom for various operations. The property sits on a 1,080 square foot lot and includes 5 parking spaces, a significant advantage in this location. The building is currently vacant, presenting an immediate opportunity for occupancy. Power is provided by a 220v circuit breaker system. The property is zoned M1-1, and its convenient location on Utica Avenue, near the cross streets of Farragut Road and Foster Avenue, ensures excellent visibility and accessibility. Located in Kings County (Brooklyn), this property offers a unique chance to establish or expand your business in a thriving area. The address is 1392 Utica Avenue, Brooklyn, NY 11203. This is a rare opportunity to acquire a well-situated industrial space in a prime Brooklyn location. The property's size and features make it suitable for a range of industrial uses. The building's age adds character, while its functionality remains highly relevant for modern business needs. Don't miss this chance to secure this exceptional industrial property.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1931
    Total area 3,004 SF
    Lot 0.07 ac (3,142 SF)
    Zoning code M1-1
    APN 04784-0025
    UPID US63-3603398
    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
    • NYS Inspection Station Vehicle Inspection Center
    • Umer Automotive Inc. Auto Repair Shop
    • NYC Best Roofing Roofing Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $890k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $825k
    Owner & transaction history
    Khalid Holdings INC · 6 yrs held
    Khalid Holdings INC
    since 2020
    Last sale
    $725,000
    1 recorded transaction
    2020
    $725,000
    Zoning & alternative use
    M1-1 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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