1392 Utica AveBrooklyn, NY 11203

Property Details for 1392 Utica Ave

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

3,004 SF

Zone code

M1-1

Property type

Auto shops

APN

04784-0025

APU

47840025

Description

This single-tenant industrial property at 1392 Utica Avenue in Brooklyn, NY, offers 2,041 square feet of versatile space, perfect for manufacturing or warehousing needs. Built in 1931, the building features a single story with impressive 20+ foot ceilings, providing ample headroom for various operations. The property sits on a 1,080 square foot lot and includes 5 parking spaces, a significant advantage in this location. The building is currently vacant, presenting an immediate opportunity for occupancy. Power is provided by a 220v circuit breaker system. The property is zoned M1-1, and its convenient location on Utica Avenue, near the cross streets of Farragut Road and Foster Avenue, ensures excellent visibility and accessibility. Located in Kings County (Brooklyn), this property offers a unique chance to establish or expand your business in a thriving area. The address is 1392 Utica Avenue, Brooklyn, NY 11203. This is a rare opportunity to acquire a well-situated industrial space in a prime Brooklyn location. The property's size and features make it suitable for a range of industrial uses. The building's age adds character, while its functionality remains highly relevant for modern business needs. Don't miss this chance to secure this exceptional industrial property.

• CAP approach

  CAP return

  Valuation

  6%

  $730,077

  6.5%

  $673,917

  7%

  $625,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $989,107

  Geo Method

  $989,107

• Alternative Use

  Use

  Valuation

  Residential

  $568,474

  Hospitality

  $520,719

  Educational

  $433,232

  Medical

  $448,132

  Retail

  $673,917

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6385

Longitude

-73.9293

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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