For Sale
$1,750,000

455 Utica AveBrooklyn, NY 11203

High-return, fully occupied building in East Flatbush.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, located at 455 Utica Avenue in Brooklyn, New York, presents a compelling investment opportunity. The two-story building boasts 3,500 square feet of space, currently operating at 100% occupancy, with an asking price of $1,750,000 and a 7% cap rate. The property features three units, including a commissary kitchen, and currently houses two law firms specializing in different areas of practice. Strategically situated in the vibrant East Flatbush neighborhood, between East New York Avenue and Maple Street, this location offers unparalleled convenience with proximity to the Crown Heights-Utica Avenue subway station (2, 3, 4, & 5 trains) and numerous bus lines (B46, B17, B46, & B12). The high-traffic area is anchored by a diverse range of established businesses, including KFC, White Castle, Island Burger, Crunch Fitness, Wendy's, Metro by T-Mobile, and many more, ensuring consistent foot traffic and visibility. A key advantage is the potential for immediate income generation, as the ground floor unit can be delivered vacant, allowing for flexible lease arrangements and potential for increased rental income. The property's strong tenant base, prime location, and high occupancy rate make it an ideal investment for discerning buyers seeking a stable and profitable venture in a rapidly developing area of Brooklyn. The zip code is 11203.

Highlights

  • Two-story building with three units.
  • Three-unit building including one commissary kitchen.
  • Two law firms occupy separate units, each specializing in a different area of law.
  • Ground floor available for immediate occupancy.
  • Contact 718-437-6100 for details.

Property Details for 455 Utica Ave

Property type
Specialty properties, Mixed-use properties
Square Feet
3,500 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.66232
Longitude
-73.931183
455 Utica Ave, Brooklyn, New York

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455 Utica Ave
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