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5701 New Utrecht Ave Brooklyn, NY 11219

12,000 SF, 6 Apartments, Retail Space

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Brooklyn investment opportunity encompasses three adjacent mixed-use brick buildings situated on a 5,000 square foot lot at 5701-5705 New Utrecht Avenue, zip code 11219. The property features approximately 3,300 square feet of ground-floor retail space, currently vacant and available for immediate occupancy. A full basement provides ample storage. Above the retail space, the three buildings house a total of six 2.5-bedroom free-market apartments, offering strong rental income potential. Each building measures approximately 22 feet wide by 50 feet deep, built on a lot size of 22x70 feet per building. The property is zoned R5, C2-3, allowing for a variety of uses. The lease on the retail space expires August 1, 2024. This unique offering presents a compelling opportunity for owner-users or investors seeking a blend of commercial and residential income streams in a vibrant Brooklyn location. The property's corner location provides excellent visibility and accessibility. The seven total units across three buildings offer a diverse income portfolio. This is a rare chance to acquire a substantial mixed-use property with significant upside potential in a high-demand area. The existing structure provides a solid foundation for future development or continued operation as a successful mixed-use property.

Highlights

  • Three adjacent mix-use brick corner buildings totaling approximately 9,900 square feet.
  • Ground floor features approximately 3,300 square feet of retail space, deliverable vacant.
  • Second and third floors comprise six 2.5-bedroom free-market apartments.
  • Each building measures approximately 22' x 50' on a 22' x 70' lot.

Property Details for 5701 New Utrecht Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
12,000 SF
Buildings
3
Stories
3
Units
7

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.629809516323
Longitude
-73.995921900203

FAQs

What type of property is this?
Day care center & nursery - 12,000 SF, 6 Apartments, Retail Space
Where is the day care center & nursery located?
The property is located at 5701 New Utrecht Ave Brooklyn, NY.
What are key features of this property?
This property features: Three adjacent mix-use brick corner buildings totaling approximately 9,900 square feet.; Ground floor features approximately 3,300 square feet of retail space, deliverable vacant.; Second and third floors comprise six 2.5-bedroom free-market apartments.
How can I contact the broker?
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5701 New Utrecht Ave
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