$2,500,000
Updated 6 years ago
Off Market

793 Utica Ave

Crown Heights, Brooklyn | Lenox Road & Linden Blvd

5,160 Square FeetIncome Property

$2,500,000
floors / apts3 / 4
Lot Size20'x100'
Built Size20'x86'
ZoneC8-1
Building TypeLow-Rise
RE Taxes$14,313
Price Per SF
$484

Building Amenities

  • Voice Intercom

Property Description for 793 Utica Ave

Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 793 Utica Avenue in the East Flatbush area of Brooklyn. The subject property is a three-story mixed-use building located on the northeast corner of Utica Avenue and Linden Boulevard. The building totals approximately 5,160 square feet and consists of four, two-bedroom free-market apartments and four commercial units. Two of the commercial units are currently combined into one space. All units are fully renovated with recent residential and commercial leases in place. All commercial tenants pay their own water, electric and 25% of Real Estate taxes over the base year. Each commercial tenants also responsible for 25% of the insurance for the building. The property benefits from ample lighting and over $200,000 in recent capital upgrades and improvements. 793 Utica also benefits from its location on the B46 bus stop, and its close proximity to the 2, 3, 4 and 5 trains. Additionally, the Kings County Hospital and Brookdale Hospital Medical Center are within a half-mile of the property. This asset represents a great opportunity to acquire a strong cash flowing, free-market property in an upcoming neighborhood of Brooklyn.

Listing History for 793 Utica Ave

Now
01/28/2021
POM by Lawrence Sarn
Ariel Property Advisors
2021

Building Details for 793 Utica Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Citi Bike

E 51 St & Linden Blvd
0.04 miles
E 49 St & Church Ave
0.16 miles

Contact Agents

Contact Agents

Lawrence Sarn
Ariel Property Advisors
Matthew Davis
Ariel Property Advisors

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 78664TH