1414 UTICA AVENUE

Elite ListingOffice Building BrooklynEast Flatbush

$2,500,000

Price

5.7%

Cap Rate

1

Units

$141,777

NOI


Property located at 1414 UTICA AVENUEIc expand

Rosewood Realty Group is pleased to present the opportunity to purchase 1414 & 1376 Utica Avenue; two properties being sold together in bankruptcy.

The properties can be delivered vacant at closing, OR with the current tenant (owner) in place paying rent as a sale-leaseback.

The first property located at 1414 Utica Avenue is a 10,083± square foot elevator building on a 4,000± square foot lot. It stands 3 stories plus a lower level / basement, currently in use. The building can be used for office, medical office, or professional use.

Additionally, the M1-1 Zoning allows not only for office, but for light industrial use, repair shops, storage facilities, potential retail, funeral home and community facility.

The second property located at 1376 Utica Avenue is a 3,000 Square foot lot (30’ x 100’), has curb cut ramps, and is being used as a parking lot.

Property Details

Block/Lot:4784/35
Lot Dimensions 40.0 x 100.0
Lot Area4,000 sq.ft
Zoning: M1-1
FAR as Built:2.42
Max FAR:2.4

Exclusive Agent

Greg Corbin

Rosewood Realty Group

Contact AgentView Setup