1414 Utica Avenue

For SaleContact for pricing

1414 Utica Avenue, Brooklyn, NY 11203

  • Office

1414 Utica Avenue, Brooklyn, NY 11203 - Office Space

1414 Utica Avenue is located at 1414 Utica Avenue in the East Flatbush neighborhood, NY, Brooklyn, 11203. The Class B Office building was completed in 1931 and features a total of 13,083 Sqft.

There are 469 office spaces for lease in the Brooklyn city, totaling 6,349,946 Sqft of available office space. The average asking office rent per sq. ft. in Brooklyn is $698.01/sqft/year. For Class A office buildings the average office rate is $59/sqft/year, for Class B office buildings the average office rate is $41.25/sqft/year, for Class C office buildings the average office rate is $35.87/sqft/year.

In East Flatbush, there is 1 class B office building. In 1931, the same year 1414 Utica Avenue was built, 3 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Brooklyn, featuring 2,631,320 square feet of commercial space.

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Details

  • Sale Price Contact for pricing
  • City Brooklyn
  • Neighborhood East Flatbush
  • Zip Code 11203
  • Market Brooklyn
  • Property Type Office
  • Property Size 13,083 Sqft
  • Lot Size 7,000 Sqft
  • Parking Spaces Avail. 10
  • Parking Ratio 0.76/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1931
  • Year Renovated 2006
  • Date Updated 09 Mar, 2020

Description

Rosewood Realty Group is pleased to present the opportunity to purchase 1414 & 1376 Utica Avenue; two properties being sold together in bankruptcy.

The properties can be delivered vacant at closing, OR with the current tenant (owner) in place paying rent as a sale-leaseback.

The first property located at 1414 Utica Avenue is a 10,083± square foot elevator building on a 4,000± square foot lot. It stands 3 stories plus a lower level / basement, currently in use. The building can be used for office, medical office, or professional use.

Additionally, the M1-1 Zoning allows not only for office, but for light industrial use, repair shops, storage facilities, potential retail, funeral home and community facility.

The second property located at 1376 Utica Avenue is a 3,000 Square foot lot (30’ x 100’), has curb cut ramps, and is being used as a parking lot.

East Flatbush Demographics

The average household income in zip code 11203 is $67,925, from a total of 27,761 households. In terms of employment, there are 82.07 % white-collar and 17.93 % blue-collar jobs in zip code 11203.

Population

  • Total Population108,837
  • Male Population(44.0 %) 47,838
  • Female Population(56.0 %) 60,999
  • Median Age38.00

Income/Financial

  • Average Household Income$62,986
  • Median Household Income$58,588
  • Median Income Under 25$32,622
  • Median Income 25-44$56,032
  • Median Income 45-64$68,102
  • Median Income Over 65$43,232

Commercial Broker Register now to add listings

Chaya Milworn

Rosewood Realty Group

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