2079 Utica AveBrooklyn, NY 11234

Property Details for 2079 Utica Ave

Year built

1956

Lot size

0.14 AC

Property size (Sq ft)

4,740 SF

Zone code

R3-2

Property type

Retail properties

Property subtype

Retail space

APN

07875-0039

APU

78750039

Description

This exceptional Brooklyn property presents a unique investment opportunity encompassing a substantial 32,000 square foot retail site ideally situated on Utica Avenue. The offering includes two buildings totaling 9,178 square feet, featuring a 6,000 square foot showroom and a separate 3,178 square foot, two-story building. The warehouse space boasts a 13-foot ceiling height and is equipped with 200 amps of power, providing ample capacity for various operational needs. The property is zoned R3-2, allowing for a range of uses. Currently, the Certificate of Occupancy (CO) is approved for automotive or building material retail uses, presenting immediate potential for a variety of businesses. The property's location in Brooklyn, New York, offers excellent access to major transportation routes and a vibrant commercial environment. The address is 2079-2115 Utica Avenue, Brooklyn, NY 11234, with APN numbers 7875-27 and 39. This single-tenant property is ready for immediate occupancy and offers significant potential for growth and return on investment. The property's size and versatile zoning make it an attractive option for a wide range of businesses seeking a prominent location in a thriving Brooklyn market. This is a rare opportunity to acquire a substantial commercial property with significant existing infrastructure and development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,151,986

  6.5%

  $1,063,371

  7%

  $987,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,560,708

  Geo Method

  $1,560,708

• Alternative Use

  Use

  Valuation

  Residential

  $896,993

  Hospitality

  $821,641

  Educational

  $683,596

  Medical

  $707,106

  Retail

  $1,063,371

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6209

Longitude

-73.9267

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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