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  • 229 Utica Avenue
  • $ 1,550,000
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213

229 Utica Avenue

East New York   |   Sterling Pl & St Johns Pl

Building For Sale
$ 1,550,000
Ownership Mixed Use
Lot Size 20'x80'
Status Active
Real Estate Taxes [Per Annum] $ 4,517
Building Size 20'x55'
ASF/ASM 3,135/291
 

Photos

229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
229 Utica Avenue East New York Brooklyn NY 11213

Property Description

A rare opportunity to own a three-story Mixed-use investment property in one of Brooklyn's most rapidly growing Corridors. This solid Mix-used building consists of 2 three-bedroom residential apartment and 1 ground- floor commercial unit. Sitting on a 20ftx80ft lot with a building of 20x80ft(store front) and 20x55(residential units). Enjoys a phenomenal cap rate of around 7.6% income potential. This property is in great condition. Ideal for investors, developers or owner-users seeking strong income potential and maximum flexibility. Located on a high-traffic stretch of Utica Ave in the heart of Crown Heights Brooklyn. Surprisingly low property tax $4774/year and the annual insurance cost is about $3360, plus the water bill is only $1800/year, making this property even more financially attractive. The property benefits from exceptional foot traffic, strong visibility and long-term neighborhood demand. Don't miss your chance on this once-in-a lifetime real estate treasure. Surrounded by all forms of transportation, thriving business and schools.
A rare opportunity to own a three-story Mixed-use investment property in one of Brooklyn's most rapidly growing Corridors. This solid Mix-used building consists of 2 three-bedroom residential apartment and 1 ground- floor commercial unit. Sitting on a 20ftx80ft lot with a building of 20x80ft(store front) and 20x55(residential units). Enjoys a phenomenal cap rate of around 7.6% income potential. This property is in great condition. Ideal for investors, developers or owner-users seeking strong income potential and maximum flexibility. Located on a high-traffic stretch of Utica Ave in the heart of Crown Heights Brooklyn. Surprisingly low property tax $4774/year and the annual insurance cost is about $3360, plus the water bill is only $1800/year, making this property even more financially attractive. The property benefits from exceptional foot traffic, strong visibility and long-term neighborhood demand. Don't miss your chance on this once-in-a lifetime real estate treasure. Surrounded by all forms of transportation, thriving business and schools.

Listing Courtesy of E House Realty & Mgt. Inc.

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
229 Utica Avenue East New York Brooklyn NY 11213
229 Utica Avenue East New York Brooklyn NY 11213

Building Details [229 Utica Avenue]

Ownership Mixed Use
Block/Lot 1379/4
Building Size 20'x55'
Floors 3
Lot Size 20'x80'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 498632