1068 Utica AveBrooklyn, NY 11203

Property Details for 1068 Utica Ave

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

2,000 SF

Zone code

C8-1

Property type

Auto shops

APN

04734-0028

APU

47340028

Description

This exceptional commercial land opportunity presents a 2,000 square foot lot situated at 1068 Utica Avenue in Brooklyn, New York, zip code 11203. The property, zoned C8-1, is a semi-detached garage building measuring 20' x 100', currently operating as a body shop. The building offers significant potential for a variety of commercial uses. Key features include a substantial 2,000 square feet of workspace, high ceilings ranging from 11 to 15 feet, and a convenient roll-up front door. Its location on a busy section of Utica Avenue in Kings County ensures high visibility and accessibility. The asking price for this versatile property is $1,350,000. This presents a unique chance for an owner-user to establish their business in a prime Brooklyn location. The single-unit property offers immediate occupancy and the potential for significant return on investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $378,336

  6.5%

  $349,233

  7%

  $324,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,773

  Geo Method

  $271,773

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $681,039

  Mixed-Use / Specialty

  $347,988

  Hospitality / Lodging

  $255,308

  Office

  $345,921

  Institutional / Educational

  $361,768

  Residential Income

  $423,268

  Multifamily

  $507,645

  Automotive / Energy

  $310,086

  Parking / Income-Based Land

  $107,007

  Restaurant / Food Service

  $180,991

  Healthcare / Senior Housing

  $356,855

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6468

Longitude

-73.9302

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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