250 Utica Avenue — Sale in Brooklyn, NY

  • Price: $9.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11213
  • Size: 61,240 SF

Photos

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Investment Figures

Price per square foot
$162

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

250 Utica Avenue presents the opportunity to acquire the leasehold interest in a corner value-add retail property on a ground lease in the heart of Crown Heights neighborhood of Brooklyn. This multi-tenant corner retail asset features strong national credit tenants including Chipotle, Pure Gym, and CityMD, with upside by leasing the remaining 10,565 square feet of space. The Property totals 61,240 square feet, comprising 45,067 square feet of retail space and a 16,173 square foot, 81-space parking garage. With 10,565 square feet delivered vacant and a 25-year ICAP tax abatement in place, the asset offers immediate leasing upside and enhanced cash flow for the incoming buyer.

Market Context

This retail in Brooklyn, NY is listed for sale at $9,900,000 across 61,240 SF. Compare it against other retail listings for sale in Brooklyn, NY — view the full market.

Estimated Price per SF

$160.44/SF – $1,167/SF

Mid: $486.18/SF

Estimated price for 61,240 SF: $29,773,663 (range $9,825,346 – $71,456,669)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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