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Type:
Mixed Use
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 4912-4914 New Utrecht Avenue, a rare package of two contiguous free-market mixed-use buildings located in the heart of Borough Park, Brooklyn. The properties are situated on New Utrecht Avenue between 49th and 50th Streets, commanding 40 feet of continuous frontage along one of the neighborhood’s most active and high-traffic commercial corridors.
The subject properties consist of four residential apartments above two ground-floor retail spaces, totaling approximately 6,000 square feet. Each building is constructed approximately 20 feet by 50 feet, with 4912 New Utrecht Avenue situated on a 20-foot by 90.25-foot lot and 4914 New Utrecht Avenue on a 20-foot by 85.67-foot lot. The properties are zoned R6/C1-3 and benefit from the highly sought-after protected Tax Class 1 designation, ensuring long-term low carrying costs. All four residential units are delivered on month-to-month leases, presenting an immediate value-add opportunity with over 80% upside to market rents. The ground-floor
retail spaces are currently occupied by strong, established tenants, providing stable in-place income from day one.
The properties are located directly adjacent to the 50th Street [D] subway station, providing residents and tenants with direct access
to Brooklyn, Manhattan, and Queens — driving consistent foot traffic and sustained demand for the ground-floor retail spaces.
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Block & Lot:
05640-0039,40
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Neighborhood:
Borough Park
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Cross Streets:
49th & 50th Street
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Building Dimensions:
20 ft x 50 ft each
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Lot Dimensions:
20 ft x 90.25 ft
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Units:
6
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Zoning:
R6, C1-3
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FAR:
2.43
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Tax Class:
1
