5812 New Utrecht AveBrooklyn, NY 11219

For Sale
$1,695,000

Spacious 3,120 sq ft, high income potential

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Exceptional mixed-use investment opportunity in Brooklyn's Boro Park neighborhood.
  • 3,120 sq ft brick building on a single lot, zoned R5.
  • Two-family dwelling (four bedrooms per floor) plus a retail store.
  • Full finished basement, large backyard, recently updated boiler and electrical.
  • Offered vacant at $1,695,000, suitable for 1031 exchange.

Property Details for 5812 New Utrecht Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
3,120 SF
Buildings
1
Stories
1

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6289496
Longitude
-73.9964541
5812 New Utrecht Ave, Brooklyn, New York

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5812 New Utrecht Ave
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