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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Car washes
1859 Utica Ave, Brooklyn, NY 11234-2122
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-5693945
Property summary
AI-generated overview
This exceptional investment opportunity presents a 9,600 square foot retail property situated on a sizable 16,000 square foot lot in Brooklyn, New York, at 1859 Utica Avenue, zip code 11234. The property boasts a 7.00% cap rate and is currently 100% occupied by two commercial units, offering immediate cash flow. The building is zoned C8-1, providing flexibility for future development. The property features multiple entrances, enhancing accessibility and potential for various uses. This unique 160-foot-wide lot allows for significant redevelopment possibilities, potentially accommodating industrial, retail, or office space. The property can be purchased with the existing businesses in place or delivered vacant, providing buyers with considerable flexibility. Annual property taxes are $48,865. This is a rare chance to acquire a well-located, high-performing retail property with substantial upside potential in a thriving Brooklyn neighborhood. The property's size and zoning provide a strong foundation for long-term growth and value appreciation. Serious inquiries only.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1986
Total area
9,679 SF
Lot
0.37 ac (16,000 SF)
Zoning code
C8-1
APN
07798-0035
UPID
US63-5693945
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
-
Nollies Auto Care Auto Repair Shop
-
D johns collision & Auto repair Auto Repair Shop
-
Brooklyn Barge Fish & Chips Restaurant
-
Seville Wash DBA Classic Seville Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.05M
Owner & transaction history
Lss Holdings LLC · 1 yrs held
Lss Holdings LLC
since 2024
5 recorded transactions
Zoning & alternative use
C8-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$55,233
Tax year 2024
Assessed value
$626,850
Assessed 2024
Previous assessed
$534,150
+17.4% YoY
Effective rate
8.81%
On assessed value
Assessed land
$243,000
Assessed improvement
$383,850
Land market value
$540,000
Improvement market value
$853,000
Total market value
$1,393,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
9,679 SF
Lot
0.37 ac (16,000 SF)
Zoning code
C8-1
APN
07798-0035
UPID
US63-5693945
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Brooklyn, NY
Zoning C8-1 · permitted uses
C8-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lss Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1859 UTICA AVE, BROOKLYN, NY 11234-2122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Lss Realty LLC
—
Deed
related
$900,000 · Flushing Bank
Jul 26, 2024
—
Lss Holdings LLC
Lss Realty, LLC
Deed
—
Oct 6, 2006
—
Lss Realty LLC
—
Trustees Deed
related
$26,982 · John & Susan Turis
—
—
Lss Realty LLC
—
Deed Of Trust
related
$26,882 · John & Susan Turis
—
—
Lss Realty LLC
—
Deed Of Trust
related
$501,974 · Flushing Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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