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737 Utica Ave
Brooklyn, NY 11203
Retail Property For Sale
Investment Highlights
- All units have been recently renovated. Building is well maintained with very easy going tenants.
Executive Summary
2 story multifamily building for sale. There are Two 2-bed apartments on the 2nd floor each paying under market of $2,000 per month. The ground floor has 3 units. The 2 units in the back are being occupied by one tenant paying $3,500. The front unit used to be a dentist office paying $4k which is now converted into residential unit (with a basement)that the super lives in paying $2k per month.
All units are month to month and have a lot of upside.
All units have been recently renovated. Building is well maintained with very easy going tenants.
Taxes are roughly $20k and Insurance is roughly $5k.
All units are month to month and have a lot of upside.
All units have been recently renovated. Building is well maintained with very easy going tenants.
Taxes are roughly $20k and Insurance is roughly $5k.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,342 SF
Building Class
B
Year Built/Renovated
1931/2018
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.92
Lot Size
0.04 AC
Zoning
C8-1 - Commercial/Manufacturing. Heavy commercial services that often require large amounts of land.
Frontage
110’ on Lenox Rd
Amenities
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $348,300 | |
| Land Assessment | $47,250 | Total Assessment | $395,550 |
Property Taxes
Parcel Numbers
Land Assessment
$47,250
Improvements Assessment
$348,300
Total Assessment
$395,550
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