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Warehouse

1418-1420 Utica Avenue

1418-1420 Utica Avenue, Brooklyn, NY 11203

Listing Price: $1,400,000

Cap Rate
3.73%
Gross SF
4,000
Price/Gross SF
$350.00
Lot Size
0.09 acres
Year Built
1931
Rentable SF
4,000

Investment Overview

Marcus & Millichap has been exclusively retained by ownership to arrange the sale of 1418-1420 Utica Avenue is located on Utica Avenue between Foster Avneue and Farragut Road in the East Flatbush neighborhood of Brooklyn. The subject property is a single-story industrial building (garage/warehouse) totaling 3,360 square feet, with 640 square feet of backyard space on a 4,000 square foot (40 x 100) foot M1-1 zoned lot. The subject property is currently used as an auto repair shop, and features a large drive-in bay, approximately 13 foot ceilings, office space and backyard space. Its Utica Avenue frontage offers high visibility and traffic along a dense business corridor. 1418-1420 Utica Avenue offers users and investors the increasingly rare opportunity to purchase a small-mid size warehouse of brick construction, with good foot/auto traffic access.

Investment Highlights

  • Single-story Garage/Warehouse Totaling 3,360 SF, with additional 640 SF of Backyard Space
  • 4,000 Square-Foot, M1-1 Zoned Lot
  • Large Drive-In Bay, ~13 Foot Ceilings, Brick Construction
  • Utica Avenue Frontage Offers High Visibility and Good Foot/Auto Traffic Access
  • Increasingly Rare Real Estate Asset Class Ensures Continued Value Appreciation

Exclusively Listed By

Warehouse

1418-1420 Utica Avenue

Listing Price: $1,400,000

Cap Rate
3.73%
Gross SF
4,000
Price/Gross SF
$350.00
Lot Size
0.09 acres
Year Built
1931
Rentable SF
4,000

Investment Highlights

  • Single-story Garage/Warehouse Totaling 3,360 SF, with additional 640 SF of Backyard Space
  • 4,000 Square-Foot, M1-1 Zoned Lot
  • Large Drive-In Bay, ~13 Foot Ceilings, Brick Construction
  • Utica Avenue Frontage Offers High Visibility and Good Foot/Auto Traffic Access
  • Increasingly Rare Real Estate Asset Class Ensures Continued Value Appreciation

Investment Overview

Marcus & Millichap has been exclusively retained by ownership to arrange the sale of 1418-1420 Utica Avenue is located on Utica Avenue between Foster Avneue and Farragut Road in the East Flatbush neighborhood of Brooklyn. The subject property is a single-story industrial building (garage/warehouse) totaling 3,360 square feet, with 640 square feet of backyard space on a 4,000 square foot (40 x 100) foot M1-1 zoned lot. The subject property is currently used as an auto repair shop, and features a large drive-in bay, approximately 13 foot ceilings, office space and backyard space. Its Utica Avenue frontage offers high visibility and traffic along a dense business corridor. 1418-1420 Utica Avenue offers users and investors the increasingly rare opportunity to purchase a small-mid size warehouse of brick construction, with good foot/auto traffic access.

Exclusively Listed By

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