For Sale For Rent
Advertise
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
10,000
acreage
Acreage
0.0
open houses
Open Houses
-
year built
year built
-
full baths
Full Baths
0
half baths
Half Baths
0
We are pleased to offer for sale 1080 Utica Avenue. This 10,000 SF, 2-story, corner, commercial building is located along major, heavily trafficked Utica Avenue in East Flatbush. There are currently 6 spaces in the building which a new owner could keep as-is and use as an easy investment property with in-place cashflow of $186k from Day 1 (a 6.2% cap rate) or which an end-user could combine or subdivide as they saw fit for their own business uses. This building has had major capital work done in the last 5 years - all 3 roofs have been fully replaced and all 3 warranties will be delivered to new owner at closing. The exterior façade has also been fully resealed and with waterproof sealant to prevent water intrusion. In addition, ownership just installed a brand new commercial HVAC condenser on the roof last year. This building has no violations and a long history of good tenants and on-time rental payments. The 2nd floor is 3500 SF and is comprised of one commercial space currently in use by the church. The 1st floor is comprised of 6 spaces, 5 of which have retail frontage along Utica Avenue and Beverly. This building is one of the few in the area with retail space and has a long history of being very easy to lease (owners have never had to market vacancies, they were always taken by word of mouth when it became clear tenants were moving out). This building is free of violations, has been well maintained, has a strong rental history and will provide strong returns for an investor or an excellent space to an end-user.
Location
Subdivision -
County Kings
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Jennifer Novelli, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 11338837
Listing agent: Jennifer Novelli
Listing broker: Dny Real Estate
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, January 14 2025 at 11:01 p.m. EST
Kotohomes National