2133 Utica AveBrooklyn, NY 11234

Property Details for 2133 Utica Ave

Year built

1963

Lot size

0.05 AC

Property size (Sq ft)

1,294 SF

Zone code

R3-2

Property type

Retail properties

Property subtype

Auto shops

APN

07875-0019

APU

78750019

Description

This exceptional investment opportunity presents a 1-story, 1,289 square foot commercial garage located at 2133 Utica Avenue in the Flatbush section of Brooklyn, New York. Situated on a 2,000 square foot lot, this property boasts 8-10 foot ceilings and is currently delivered vacant, providing immediate potential for various uses. The interior features an open space layout, ideal for customization, along with a small office and a half bathroom. The property's zoning and permitted uses should be independently verified. The asking price is $799,000. This single-unit structure presents a unique chance to acquire a well-located commercial property in a thriving Brooklyn neighborhood. The property's size and layout offer flexibility for a range of commercial ventures, from expanded garage space to potential conversion into other commercial uses, subject to applicable regulations and permits. Its vacant status allows for immediate occupancy and customization to suit the buyer's specific needs. The property's location in Flatbush provides easy access to major transportation routes and a vibrant community. Serious inquiries are encouraged to explore the full potential of this promising investment. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $314,487

  6.5%

  $290,296

  7%

  $269,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,067

  Geo Method

  $426,067

• Alternative Use

  Use

  Valuation

  Residential

  $244,875

  Hospitality

  $224,305

  Educational

  $186,619

  Medical

  $193,037

  Retail

  $290,296

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6198

Longitude

-73.9266

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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