1129-1131 Utica Avenue

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WAREHOUSE / RETAIL CONVERSION BUILDINGS ~ 8,600 SF in the heart of East Flatbush 1129-1131 Utica Avenue PROPERTY FEATURES Address: 1129-1131 Utica Avenue Brooklyn, NY 11203 Block | Lot: 4761 | 48 4761 | 45 Lot Dimensions: 40’ x 100’ 60’ x 100’ Lot Area: 4,000 SF 6,000 SF Building Dimensions: 40’ x 60’ 48’ x 100’ Building Size: 3,800 SF 4,800 SF Stories: 1 1 Zoning: C8-1 C8-1 Commercial FAR: 1.0 1.0 Assessment (18/19): $147,210 $219,370 Taxes (18/19): $15,478 $23,064 PROPERTY DESCRIPTION JLL has been retained on an exclusive basis to arrange for the sale of 1129-1131 Utica Avenue. The properties are located along Utica Avenue, an active corridor in Brooklyn’s rapidly growing, East Flatbush neighborhood. With 100’ of frontage and ~9,000 square feet of rentable space, 1129-1131 Utica Avenue are ideal for investors interested in retail conversion opportunities or for an owner-user looking to expand or relocate their business. The properties are located on the same block as a ASKING PRICE: $3,000,000 newly developed BP gas station with a 24-Hour Atlantis Fresh Market and Dunkin Donuts. Current tenant lease expiration is December of 2019. For more information, please contact exclusive agents: Edward J. Gevinski Luis V. Briones Jr. Sebastian T. Sanchez Managing Director Associate Associate 212 915 7238 212 915 7251 212 915 7252 [email protected] [email protected] [email protected] DISCLAIMER: Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved.

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Utica Avenue Transit Improvements Study Study Update Winter 2020 Agenda • Welcome & Introductions • Background & Problem Statement • Purpose & Need / Study Goals • Scope of Work • Stakeholder & Public Outreach • Other Relevant Projects • Next Steps / Questions & Comments 2 Background & Problem Statement 3 Background: History of Transit on Utica Avenue • Existing subway lines were constructed with provisions to accommodate a possible future extension along Utica Avenue: • The Eastern Parkway Line ( ) at the Crown Heights-Utica Ave Station; • The Fulton Street Line ( ) at the existing Utica Ave Station • A possible subway extension from the Eastern Parkway Line was designed in the 1960s but not built. • Select Bus Service (SBS) was introduced along Utica Avenue in 2015, featuring off-board fare collection, dedicated bus lanes, and other capital investments to reduce travel time. • Under Mayor de Blasio, the City of New York provided funding in the MTA Capital Program to further study transit improvements on Utica Avenue. The Utica Avenue corridor is home to the busiest bus routes in Brooklyn B46 and B46 SBS: • Accommodate approximately 44,000 daily riders • Provide a vital north-south transit link • Connect to subway lines on Eastern Parkway, Fulton Street, and Broadway, and 30 bus routes 5 Problem Statement: Utica Avenue Transit Issues Challenges regarding travel to, from, and within the Utica Avenue corridor include: • Reliability: Double parking, loading/unloading, and bus bunching result in added wait times for customers. • Connectivity: Many trips require a transfer between bus and subway. • Overall Travel Time: Issues with reliability and connectivity contribute to long trips and slow speeds. • Accommodation of Future Growth: Increased transit capacity and accessibility are necessary to support future growth of a mix of uses along the corridor.
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Early Voting Poll Site List
Line 112-CI-21 JUNE PRIMARY ELECTION – 2021 (SUBJECT TO CHANGE) POLL SITE LIST KINGS COUNTY 41st Assembly District 42nd Assembly District 43rd Assembly District 44th Assembly District 45th Assembly District 46th Assembly District 47th Assembly District 48th Assembly District 49th Assembly District 50th Assembly District ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE NAME SITE ADDRESS ED SITE ADDRESS SITE NAME 001 PS 197 .................................................1599 EAST 22 STREET 001 PS/IS 437 .............................................713 CATON AVENUE 001 PS 320/PS 375 ................................... 46 MCKEEVER PLACE 001 PS 131 ................................4305 FT HAMILTON PARKWAY 001 ST. BRENDAN SENIOR APARTMENTS L.P. ...... 1215 AVE O 001 PS 188 ............................................ 3314 NEPTUNE AVENUE 001 PS 229 ...............................................1400 BENSON AVENUE 001 PS 105 ....................................................1031 59TH STREET 001 PS 896 ..................................................... 736 48TH STREET 001 PS 157 ...................................................850 KENT AVENUE 002 PS 197 .................................................1599 EAST 22 STREET 002 PS 249 ........................................18 MARLBOROUGH ROAD 002 PS 320/PS 375 ................................... 46 MCKEEVER PLACE 002 PS 164
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Brooklyn Ny Crown Heights
CROWN HEIGHTS BROOKLYN NY 250 UTICA AVENUE SPACE DETAILS LOCATION GROUND FLOOR Northwest corner of Lincoln Place APPROXIMATE SIZE Ground Floor 2,077 SF FRONTAGE 40 FT on Utica Avenue 50 FT on Lincoln Place CEILING HEIGHT Ground Floor 14 FT TERM Negotiable LINCOLN PLACE POSSESSION Immediate SITE STATUS Currently vacant NEIGHBORS Dollar Tree, Blink Fitness, Brooklyn Kids Academy, CityMD, Chase, Modell’s Sporting Goods, McDonald’s, Pay-o-matic, Popeyes, 50 FT Conrad’s Bakery, H&R Block, Texas Fried Chicken & Pizza, 2,077 SF Utica Fish Market, Met Foodmarket, Golden Krust, Subway, Feel Beauty Supply, Rent-A-Center, Rainbow Shops, Dunkin’, Portabella, Eastern Pediatrics, Allegiance, Pretty Girl, Boost Mobile, Bank of America, Family Vision Center, T-Mobile and Sprint COMMENTS Close proximity to the Utica Avenue subway station servicing the trains with an annual ridership of 8,954,499 Retail at the base of a new 87-unit residential development 40 FT HVAC in place UTICA AVENUE Food use is acceptable Utica Avenue, Park Place-Carrol Street Brooklyn, NY May 2019 PARK PLACE Rising Star Beauty Salon Crown Heights Cell Games and Beyond P&C Blink Boutique Lakou Cafe Vibez Palate Adonijah Health Food Tuba's Hair Braiding Sally Vip Salon UTICA AVENUE UTICA Hardee AREA RETAIL Diamond Kouture Hair Studio Top Shelf Ink Tatto Studio Love Express Deli ROCHESTER AVENUE SCHENECTADY AVENUE SCHENECTADY Utica Best Buy Wine and Liquor STERLING PLACE VIEW OF NORTHWEST CORNER FROM LINCOLN PLACE Restaurant Los Mercedes B46 + B46 (SBS) Crown Heights Deli and Tobacco
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Brooklyn Bus Map November 2016
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BANKRUPTCY SALE Office Building / Medical / Professional 1 Prospect Park
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Daily Relief
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250 Utica Avenue, Brooklyn NY
Investment Opportunity Crown Heights | Brooklyn, NY 250 UTICA AVENUE NEWLY RESTRUCTURED 99-YEAR LEASEHOLD INTEREST—91 YEARS REMAINING ±61,230-SF COMMERCIAL BUILDING WITH ON-SITE PARKING TENANTS: FOR MORE INFORMATION Barry Fishbach Gary Meese Vice Chairman Managing Director, 212.331.0115 Investment Sales & [email protected] Capital Markets 212.916.2933 Brian Segall [email protected] Senior Managing Director, Investment Sales & Capital Markets 212.351.9346 [email protected] Executive Summary We have been retained by ownership as the exclusive agent to offer for the leasehold sale 250 Utica Avenue, Brooklyn (the “Property”), a four-story ±61,230-SF retail building located in Crown Heights on the northwest corner of Utica Avenue and Lincoln Place. The Blink Fitness anchored building is also tenanted by CityMD, Dollar Tree and Brooklyn Kids Academy. The building is 95% leased with a Ground Floor corner space that is currently vacant. The earliest lease expiration is in January 2025 with subsequent lease rolls occurring in 2028 and 2029. All tenants have lease extension options beyond their base terms. The building is subject to a 99-year ground lease which expires in 2111 (±91 years remaining). The Property is located one block from the Eastern Parkway and Crown Heights-Utica Avenue subway station servicing the 3 and 4 express trains. The transit hub experiences heavy foot-traffic with annual ridership of approximately nine million passengers. According to 2017 MTA data, the station is the 6th busiest in Brooklyn and 34th busiest in all of New York City (out of 425 stations). Additionally, Utica Avenue is impressively the busiest bus route in Brooklyn (third busiest in all of New York City) and there is a B46 bus stop on the block steps from the building.
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Nyc-Vax-Sites-Brooklyn.Pdf
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