5812 New Utrecht AveBrooklyn, NY 11219

Property Details for 5812 New Utrecht Ave

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

3,120 SF

Zone code

R5

Property type

Investment properties

Property subtype

Live-work space

APN

05705-0029

APU

57050029

Description

This exceptional mixed-use property, located at 5812 New Utrecht Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building, a solid brick structure, encompasses 3,120 square feet and features a two-family dwelling with four bedrooms on each floor, plus a separate retail store. A full finished basement adds significant additional space. The property sits on a single lot, is one story high, and is zoned R5. Key features include a large backyard, a recently installed boiler, and updated electrical service. The building is currently configured as a four-bedroom over four-bedroom plus a store, offering substantial rental income potential. The property can be delivered vacant, providing flexibility for the new owner. The asking price is $1,695,000 and is offered as a 1031 exchange opportunity. Its excellent location in Boro Park makes it ideal for a variety of business ventures. The owner is actively seeking offers and is prepared to provide full possession. This is a rare opportunity for developers, investors, and end-users alike.

• CAP approach

  CAP return

  Valuation

  6%

  $515,829

  6.5%

  $476,150

  7%

  $442,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,659

  Geo Method

  $407,659

• Alternative Use

  Use

  Valuation

  Residential

  $590,426

  Hospitality

  $540,827

  Educational

  $449,962

  Medical

  $465,437

  Retail

  $699,941

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6289

Longitude

-73.9965

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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