229 Utica AVE, Brooklyn, NY 11213
229 Utica AVE, Brooklyn, NY 11213
229 Utica AVE, Brooklyn, NY 11213
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Randy Reis

Randy Reis

+1(917) 435-4870
$1,450,000
Est. payment /mo
3,135 SqFt
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UPDATED:

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 3,135 sqft

Price per Sqft $462

MLS Listing ID 498632

Annual Tax Amount $4,517

Lot Dimensions 20X80

Property Sub-Type Mixed Use

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.

Location

State NY

County Kings (brooklyn)

Area East New York

Rooms

Basement Finished

Interior

Interior Features Other

Hot Water Hot Water Coil in Boiler

Heating Gas

Flooring Hardwood, Tile

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Other

Handicap Access No

Building

Story 3

Foundation Stone

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

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Listed by E House Realty & Mgt. Inc.

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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