THIS PERFECTLY LOCATED TWO (2) FAMILY BUILDING IS VACANT, NEEDS EXTENSIVE REPAIRS/RENOVATION, AND IS BEING SOLD AS IS W/ APPROVED PLANS FOR END USER. (3-story vertical enlargement to include roof deck + Interior Renovations)
FHA 203K RENOVATION LOAN ELIGIBLE, OPTIMAL FOR A CASH SALE.
Ideal for savvy investors or experienced end-users in the rapidly developing Weeksville section of Crown Heights!
The City-approved plans are in place & the vision is beautiful for an end user or investor alike.
For the savvy investor, 81 Utica provides an opportunity to maximize its income potential by demolishing the existing structure and taking advantage of its R6 zoning & unused FAR, which has already been done by 85 Utica Avenue, just a few doors down.
For experienced end-users, such as architects, engineers, and contractors, 81 Utica is your blank canvas with endless possibilities awaiting your personal touch.
NEARBY (Approximates):
Located 5 minutes (0.3 miles) from the Utica Avenue A & C train station and 12 minutes (0.6 miles) from the Utica Avenue 2, 3 & 4 train station. Both options are just 20 minutes to Lower Manhattan. Prospect Park, the Prospect Park Zoo, Barclay's Center, Atlantic Center Mall, the Brooklyn Museum, Brooklyn Botanic Garden, Whole Foods (Ashland Place), and the Apple Store are all just a 20-minute car ride away!
PROPERTY DETAILS:
Zoning: R6
FAR as Built: 1,440 sf
Allowed Usable FAR: 3,239 sf (1,800 more square feet to build UP)
Building Dimensions: 16 x 30
Lot Dimensions: 16 x 83 = 1,333.28 sf
Property Tax: $1,522/year
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.