$1,100,000
Updated 4 years ago
Off Market

366 Utica Ave

Crown Heights, Brooklyn | Carroll Street & Crown Street

5 Rooms3 Beds1 Bath3,022 Square FeetMixed Use

$1,100,000
floors / apts2 / 2
Lot Size20'x82'
ZoneR4
Building TypeTownhouse
RE Taxes$13,522
Price Per SF
$364

Building Amenities

  • Voice Intercom

Property Description for 366 Utica Ave

Tremendous upside investment with an already strong cap rate in Crown Heights!

366 Utica Avenue consist of one store for which the restaurant is paying $5,500.00 per month and one apartment which consists of a 3-Bedroom apartment which is currently generating $1,500.00 per month and can be delivered vacant. In todays market this apartment can easily generate $2,500.00 per month.

The expenses include $5,000.00 in water, $2,400.00 in Insurance and taxes are $13,522.00.

Information on the property are as follows:
Block: 1414 Lot: 45
Property Characteristics:
Lot Area: 2,006 sq ft (20' x 82')
# of Buildings: 2 Year built: 1930
Building frontage: 20' (Building frontage along the street measured in feet.)
# of floors: 2 Building Area: 3,022 sq ft
Total Units: 2 Residential Units: 1
Primary zoning: R4 Commercial Overlay: C1-3
Floor Area Ratio: 1.51
Max. Allowable Residential FAR: 0.9
Max. Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 2

Building Details for 366 Utica Ave

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Crown Hts-Utica Av
0.23 miles
Sutter Av-Rutland Rd
0.48 miles

Citi Bike

Carroll St & Utica Ave
0.04 miles
Schenectady Ave & President St
0.16 miles

Contact Agent

Contact Agent

Santo Rosabianca
Prestige International Realty

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: 64216TH