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25516057
25516059

455 Utica Ave, Brooklyn, NY 11203

SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial
$1,300,000
791 days on market
Updated 44 days ago

455 Utica Ave

Details
Property Type Retail, Mixed Use (+1)
Sub Type Storefront, Commercial (+1)
Square Footage 3,500
Units 3
Cap Rate 9.50%
NOI $97,985
Occupancy 100%
Tenancy Multi
Lease Type NN
Remaining Term 2
Class B
Stories 2
Lot Size (SqFt) 1,917
Zoning C8-2

Two Story Building with 3 Commercial Spaces for Sale

Marketing description

Property Description

455 Utica Avenue offers a unique investment opportunity in the East Flatbush neighborhood of Brooklyn. This two story commercial building spans approximately 3,500 square feet and features three fully leased units, including a commissary kitchen and two law offices specializing in different legal practices. The property sits on a high visibility corridor with strong foot traffic and steady local demand. With a stable tenant mix and prime frontage along Utica Avenue, this asset presents long-term income potential in a well-established and transit-accessible commercial district.

Two Story Building with 3 Commercial Spaces for Sale in East Flatbush.

Location Description

Ideally situated on Utica Avenue between East New York Avenue and Maple Street, 455 Utica Avenue is located in East Flatbush, a vibrant and well-connected Brooklyn neighborhood. The property benefits from strong foot traffic and proximity to the Crown Heights – Utica Avenue subway station, providing convenient access to public transportation. This active commercial corridor is home to a mix of national retailers, local businesses, and professional services, creating a dynamic environment for both investors and tenants. The surrounding area features dense residential blocks, ensuring steady demand and visibility for commercial occupants

Located in the East Flatbush neighborhood of Brooklyn on Utica Ave between East New York Ave & and Maple St near the Crown Heights - Utica Ave subway station.

Nearest Transit: 2, 3, 4, & 5 trains at Crown Heights - Utica Ave and the B46, B17, B46, & B12 bus lines.

Nearby tenants include KFC, White Castle, Island Burger, Crunch Fitness, Wendy's, Metro by T-Mobile, Utica Car Wash, Family Dollar, Utica Family Dentistry, Sea Kings Steam and Fry Seafood Inc, Utica Wines and Liquors, Raffy's Super Deli Grocery, Brooklyn Wing House, Dunkin', and more!

Rooted in rich Caribbean heritage and a strong sense of community, East Flatbush is a lively Brooklyn neighborhood known for its cultural vibrancy and residential stability. Utica Avenue serves as a major commercial artery, lined with family-owned restaurants, law offices, beauty salons, and neighborhood retailers that cater to the area’s diverse population. With convenient access to the Crown Heights Utica Avenue subway station and a consistent flow of foot traffic, the corridor continues to support a mix of small businesses and professional services, making it an ideal setting for long-term growth and local engagement.

Investment highlights

  • Two story building
  • 3 units
  • 1 commissary kitchen
  • 2 law firms with 2 different specialties
  • Building Class: K4
  • Tax Class: 4
  • Taxes (25/26): $28,370

Listing Contacts

SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,985.00
$8,165.42/mo

Valuation Metrics

0
DSCR
7.54%
Cap Rate
7.54%
ROI

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