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$ 1,450,000
Est. payment /mo
Pending
229 Utica AVE Brooklyn, NY 11213
3,135 SqFt
UPDATED:
Key Details
Property Type Other Rentals
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
Listed by E House Realty & Mgt. Inc.
