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This exceptional mixed-use property, located at 820-822 Utica Avenue in Brooklyn, New York, presents a compelling investment opportunity. Priced at $1,999,000, this "as is" sale includes two retail stores, three residential apartments, and one office space. The building, situated on a 40 x 100 foot lot, boasts dimensions of 40 x 60 feet. Currently occupied by tenants with no formal leases in place, the property offers significant potential for renovation and increased rental income. The property is subject to existing violations. Its prime location on the bustling Utica Avenue corridor provides excellent visibility and accessibility, benefiting from proximity to major transportation hubs and a wide array of established businesses. Conveniently located between Linden Boulevard and Church Avenue, near the Sutter Avenue – Rutland Road subway station (2, 3, 4, & 5 trains), and served by several bus lines (B46, B46-SBS, & B35), this property enjoys exceptional transit connectivity. Nearby, a vibrant commercial landscape includes well-known national brands such as Walgreens, McDonald's, Chase Bank, and many others, ensuring a strong and consistent customer base for the retail spaces. The thriving East Flatbush neighborhood, with its diverse and growing population, guarantees high demand for both residential and commercial units. This property offers a unique chance to capitalize on Brooklyn's dynamic real estate market. Serious inquiries only.
Highlights
40' x 100' lot.
40' x 60' building.
As-is sale; subject to violations and existing tenants.
No existing leases.
Two retail spaces.
Three residential apartments.
Location Insight
City
Brooklyn
County
Kings
State
New York
Latitude
40.6530186
Longitude
-73.9308283
820 Utica Ave, Brooklyn, New York
Nearby Similar for Sale
For Sale
$3,000,000
West End Ave Mixed-Use Property
Prime Brooklyn redevelopment opportunity. Four units, 5,088 sq ft.
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Contacts
Shlomi Bagdadi
Learn more
Useful Information
Request information
820 Utica Ave, Brooklyn, New York, 11203
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.