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4717 New Utrecht Ave Brooklyn, NY 11219-2510
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Property profile & analytics

4717 New Utrecht Ave Brooklyn, NY 11219-2510


  • Retail residential properties
  • 2,500 SF
  • 0.05 lot acres
Off-Market
Last Sale Jun 5, 2024
Property ID
US63-0787072
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Value Estimations
$830,000
Show details
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Ezagui Furniture Concepts Inc / Furniture & Home Goods / Home Decor Store

Property Details for 4717 New Utrecht Ave

Year built
1931
Lot size
0.05 lot acres
Property size
2,500 SF
Zone code
R6
Property type
Retail residential properties
APN
05627-0038
APU
56270038

Description

This exceptional mixed-use property at 4717 New Utrecht Avenue in Brooklyn, NY (zip code 11219), presents a unique investment opportunity. The building, totaling 2,500 square feet, is currently vacant and ready for immediate occupancy. It features a ground floor retail space of 1,500 square feet, complete with a sizable backyard and a full basement, offering significant potential for various retail ventures. The second floor comprises a 1,000-square-foot residential apartment, enhanced by a 500-square-foot outdoor terrace and access to the backyard. This two-story building sits on a 2,330-square-foot lot (23.75 ft x 109 ft) and boasts significant untapped potential with 3,169 square feet of unused floor area ratio (FAR). The property is zoned R6 and C2-3, allowing for a wide range of uses. The asking price is $1,700,000, translating to $680 per square foot and $850,000 per unit. This prime location on a busy retail corridor in Kings County makes this a highly attractive investment for owner-users seeking a blend of commercial and residential space, or for investors looking to capitalize on the substantial unused FAR. The building's excellent condition and substantial backyard add to its appeal. Don't miss this chance to acquire a versatile and valuable property in a thriving Brooklyn neighborhood.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $975,000
    6.5%
    $900,000
    7%
    $835,000
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,220,000
    Current use
    OFFICE BUILDING
    $1,375,000
    Change: +13% Conversion: Easy
    WAREHOUSE, STORAGE
    $1,255,000
    Change: +3% Conversion: Difficult

Get a detailed, property-specific estimation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9943
Latitude
40.6376
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,312
$17,100
$160,200
$177,300
-
$38,000
$356,000
$394,000
More about this property
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