233 Utica Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11213- Weeksville
$1,898,000 USD
646-371-6141
233 Utica Ave, Brooklyn, NY for Sale
$1,898,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | 8.76% Cap Rate

NEW


233 Utica Ave
Brooklyn, NY 11213
Weeksville


HIGHLIGHTS

  • High Performing Property with 7.15% CAP. Tenants Pay Separate Utilities.
  • Development Potential with R6 / C1-3 Zoning. Neighborhood is booming with New Developments.

OVERVIEW

For Sale – Prime Mixed-Use Building | 233 Utica Ave, Brooklyn, NY 11213 Asking Price: $1,898,000 Property Annual Tax: $8,278 Welcome to 233 Utica Avenue, a rare mixed-use gem located in the heart of Crown Heights / Weeksville, one of Brooklyn’s most dynamic and rapidly evolving neighborhoods. This property combines immediate rental income, a turnkey restaurant opportunity, and long-term growth potential with favorable R6 / C1-3 zoning. Property Highlights Ground Floor: High-visibility commercial storefront with storage & utility room – excellent for retail, office, or service use. First Floor: Fully built-out, ready-to-run restaurant space with existing infrastructure in place. Skip the cost and delays of a buildout—open for business on day one. Second Floor: Spacious 5 room, 3 bedroom one bathroom residential apartment currently rented. Third Floor: Two residential apartments (front & back), Each one is Studio fully rented. Independent Utilities: Each residential unit and the commercial space feature separate heating, hot water, gas meters, and electric meters, minimizing landlord expenses and maximizing tenant accountability. Neighborhood Dynamics Utica Avenue is a major commercial corridor connecting Crown Heights, Weeksville, and Bedford-Stuyvesant. The property enjoys heavy foot traffic, strong visibility, and growing consumer demand fueled by new residential developments and a thriving mix of businesses. Popular cafes, restaurants, and shops continue to revitalize the area, making this a sought-after location for both investors and entrepreneurs. Investment Opportunity Diverse Income Streams: Restaurant, retail, and three residential units provide both stability and upside. Strong Rental Market: Residential demand in Crown Heights continues to surge, ensuring consistent occupancy. Restaurant Potential: Fully equipped space in a neighborhood with booming dining culture—ideal for an owner-operator, franchise, or investor leasing to a proven restaurateur. Future Growth: R6/C1-3 zoning allows for long-term redevelopment or expansion potential. Low Operating Costs: With separately metered utilities, tenants cover their own expenses, simplifying management and boosting net income. This property is more than just real estate—it’s a cash-flowing investment with huge upside in one of Brooklyn’s fastest-growing neighborhoods.

FOR SALE DETAILS

PRICE

$1,898,000 USD

PRICE/SF

$492 USD /SF

CAP RATE

8.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,895 SF

ZONING

R6/C1-3

APN/PARCEL ID

01379-0002

ASK ABOUT THIS PROPERTY

Gobinda LamaPrime America Real Estate, Inc.More Info
646-371-6141

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Gobinda LamaPrime America Real Estate, Inc.More Info
646-371-6141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.