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utica and lenox corner, free market mixed use 737 Utica Ave 3,496 SF Retail Building Brooklyn, NY 11203 $2,145,200 CAD ($613.62 CAD/SF) 6.71% Cap Rate
Investment Highlights
- All units have been recently renovated. Building is well maintained with very easy going tenants.
Executive Summary
1st floor has 3 units: The 2 commercial units in the back are being occupied by one tenant paying $3,500. The corner unit used to be a dentist office paying $4.5k which can also be used as a 4 bedroom apartment - it is now VACANT!
2nd floor There are Two extremely large 2-bed apartments on the 2nd floor each paying rented for 1900 month to month
basement: very good condition built the full lot of the property with a bathroom in the front and rear of the basement
2nd floor There are Two extremely large 2-bed apartments on the 2nd floor each paying rented for 1900 month to month
basement: very good condition built the full lot of the property with a bathroom in the front and rear of the basement
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,496 SF
Building Class
B
Year Built/Renovated
1931/2021
Price
$2,145,200 CAD
Price Per SF
$613.62 CAD
Cap Rate
6.71%
NOI
$143,951 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.01
Lot Size
0.04 AC
Zoning
C8-1 - Commercial/Manufacturing. Heavy commercial services that often require large amounts of land.
Frontage
110’ on Lenox Rd
Amenities
- Signalized Intersection
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $515,877 CAD | |
| Land Assessment | $66,219 CAD | Total Assessment | $582,096 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$66,219 CAD
Improvements Assessment
$515,877 CAD
Total Assessment
$582,096 CAD
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utica and lenox corner, free market mixed use | 737 Utica Ave
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