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Active Under Contract

233 Utica Ave,

Brooklyn, NY 11213

$1.5M
The residence

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.

At a glance
Property type
Status
Active Under Contract
MLS#
11597345
Beds · Baths
0 · 0
Location

Brooklyn, NY.

Brooklyn, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$7K/mo
Approximate · principal & interest only
Display Currency
$1.5M

Indicative conversion — settlement always in USD.

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Listing courtesy of PRIME AMERICA REAL ESTATE INC · NYSMLS

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Listings updated Jun 3, 2026

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