118 Utica Avenue , Brooklyn, NY 11213

$350,000
  • 118 Utica Avenue , Brooklyn, NY 11213 Main Photo

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New to the Market
LOT SIZE 0.015 acres MLS#1043473
STATUSActive PROPERTY TYPELand - Lot/Land SCHOOLBrooklyn 17

Property Description

Vacant lot nestled between Bergen Street and St. Marks Avenue - Block 1354, Lot 47 - offering approved plans to build two beautiful, multi-level residences. This is a rare chance to acquire a shovel-ready development site in one of Brooklyn's most vibrant neighborhoods, with the design work, drawings and approvals already completed and in hand.Lot size is 13.17 x 50.67. Zoning is R6. Annual taxes are $1,200 with no tax abatement in place, which keeps the current carrying cost low while a buyer moves toward construction.The approved architectural plans include two spacious units. Unit 1 spans three levels and includes exclusive access to a private backyard, giving the lower residence real outdoor living space that is increasingly hard to find in the borough. Unit 2 also spans three levels and is crowned by a private rooftop oasis, an ideal spot for entertaining, gardening or simply taking in the skyline. Each unit is thoughtfully designed to include modern conveniences such as in-unit washers and dryers and dishwashers, the kind of details today's buyers and tenants expect from new construction.The value here is in the work already done. Anyone who has taken a Brooklyn infill site from raw land through design, filing and approval knows how much time, professional fees and uncertainty that process absorbs. This offering removes a substantial portion of that risk. A buyer steps in with an approved concept, a defined unit mix and a clear path forward, rather than starting at the drawing board and waiting on a lengthy review cycle. For a builder working on a schedule, that head start has real dollar value.The two-unit configuration also gives the eventual owner flexibility. A developer can build and sell both residences. An investor can hold the property and rent both units. An end user can occupy one three-level residence and let the second unit help carry the property, a strategy that has served Brooklyn owners well for generations. The private backyard on one unit and the private roof terrace on the other mean each residence has its own distinct outdoor amenity and its own appeal, rather than competing for the same buyer or tenant.The location speaks for itself. Sitting on the block between Bergen Street and St. Marks Avenue places the site in an established, well-connected part of Brooklyn with easy access to transit, shopping, dining and the daily conveniences that drive demand for new residential product. Blocks like this one continue to attract steady interest from buyers who want space, light and o

118 Utica Avenue | MLS# 1043473

This land located at 118 Utica Avenue , Brooklyn, NY 11213 is currently listed for sale with an asking price of $350,000. The property has approximately 0.02 Acres. Utica Avenue is located within the Brooklyn 17 school district. Search Brooklyn real estate on www.laffey.com today.

Property Features

Property Type: Land - Lot/Land
Lot Size: 0.02 Acres
Taxes: $1,200

Feature Descriptions

Current Use: Vacant
Lot Dimensions: 13.17 x 50.67
On Market Date: 2026-09-01
Parcel Number: 01354-0047
Rental Term: Monthly
Sewer: Public Sewer

Local Schools

High School: Clara Barton High School
Middle School: Ms 267 Math
Elementary School: Ps 191 Paul Robeson
School District: Brooklyn 17

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Estimated Payment

$ 981.03 per month $778.95 Principal & Interest $100.00 Property Tax $102.08 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Exit Realty Premium
Agency Phone: 718-829-2300

Shown By

Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902

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