$1,150,000
Updated 11 years ago
Sold

418 Utica Ave

Crown Heights, Brooklyn | Montgomery Street & Empire Blvd

Development Site

$1,150,000
floors1
Lot Size35'x100'
Built Size35'x100'
ZoneR7-1
Building TypeDevelopment Site

Building Amenities

  • Elevator

Property Description for 418 Utica Ave

The subject property is a single-story house of worship along the Utica Avenue retail corridor, with substantial mixed-use development/conversion potential. The property offers 35 feet of frontage on Utica Avenue and 26.5 feet of frontage on Montgomery Street. The property’s block sits on a major intersection at Lefferts Avenue with national and regional retail presence including Payless, White Castle, and Duane Reade. The 3,4,5 trains are only 5 blocks away at the Utica Avenue stop, offering access to Manhattan’s East and West Sides within 25 minutes. It is currently set up as an open auditorium/meeting space in great condition, and will be delivered completely vacant. The existing structure also contains 1,241 square feet of office/conference room space located in the basement. With 17,180 square feet of buildable space, and a clean, open existing structure, this property presents excellent opportunity for a growing nonprofit or savvy developer.

Listing History for 418 Utica Ave

Now
06/03/2013
$1,150,000
Sold and Closed by Michael Amirkhanian
Cushman & Wakefield
03/29/2013
Contract Signed by Michael Amirkhanian
Cushman & Wakefield

Building Details for 418 Utica Ave

OwnershipDevelopment Site
Building TypeDevelopment Site
Year Built1930
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

Crown Hts-Utica Av
0.33 miles
Sutter Av-Rutland Rd
0.49 miles

Citi Bike

Utica Ave & E New York Ave
0.08 miles
E New York Ave & Utica Ave
0.1 miles

Contact Agents

Contact Agents

Michael Amirkhanian
Cushman & Wakefield
Robert Moore
Cushman & Wakefield

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: 48483TH