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$ 1,498,000
Est. payment | /mo
$ 1,498,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status pending
Purchase Type For Sale
MLS Listing ID 11597345
Annual Tax Amount $8,278
Property Description
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 space with storage & utility room - excellent for 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.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Structure Type Masonry - Brick
Nearby Locations
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