Technical
Financial
Distress signals
Property profile

2079 Utica Ave Brooklyn, NY 11234

FOR SALE
Retail space
Property ID
US63-1627558
4,740 SF 0.14 ac lot Built 1956
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Brooklyn property presents a unique investment opportunity encompassing a substantial 32,000 square foot retail site ideally situated on Utica Avenue. The offering includes two buildings totaling 9,178 square feet, featuring a 6,000 square foot showroom and a separate 3,178 square foot, two-story building. The warehouse space boasts a 13-foot ceiling height and is equipped with 200 amps of power, providing ample capacity for various operational needs. The property is zoned R3-2, allowing for a range of uses. Currently, the Certificate of Occupancy (CO) is approved for automotive or building material retail uses, presenting immediate potential for a variety of businesses. The property's location in Brooklyn, New York, offers excellent access to major transportation routes and a vibrant commercial environment. The address is 2079-2115 Utica Avenue, Brooklyn, NY 11234, with APN numbers 7875-27 and 39. This single-tenant property is ready for immediate occupancy and offers significant potential for growth and return on investment. The property's size and versatile zoning make it an attractive option for a wide range of businesses seeking a prominent location in a thriving Brooklyn market. This is a rare opportunity to acquire a substantial commercial property with significant existing infrastructure and development potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 4,740 SF
Lot 0.14 ac (6,000 SF)
Zoning code R3-2
APN 07875-0039
UPID US63-1627558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply

Location

2079 Utica Ave Brooklyn, NY 11234
Brooklyn metro Census 68000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$810k

Owner & transaction history

since 2016
3 recorded transactions
2016
$1.5M
2014
Price N/A
2004
Price N/A

Zoning & alternative use

R3-2 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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