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1526 Pitkin Ave 4 Unit Apartment Building $2,750,000 ($687,500/Unit) Brooklyn, NY 11212

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Investment Highlights

  • Corner retail mixed use property on a heavy pedestrian traffic street. ,Neighboring tenants include Rainbow Shops, Ashley Stewart, GameStop

Executive Summary

Built in 1930, this 4 story walk-up building has a ground level retail with basement, 2nd floor commercial. The 3rd & 4th floors have 4 bedrooms 2 share bathrooms, kitchen and living room on each floor . The building consists of 11,040 SF. It is located on Pitkin Ave between Saratoga Ave & Strauss St., near the 3 & 4 trains and in close proximity to a variety of shopping destinations The ground-level retail space, previously occupied by Bargain Hunters, will be delivered vacant by August 31, 2025, along with the rest of the building.
The second floor, formerly a church, is currently vacant.
The third and fourth floors were previously used as clergy housing, with each floor divided into four rooms, a shared living room, and two bathrooms. Floors 2 through 4 require a full gut renovation

Attachments

1526 PITKIN AVE

Data Room Click Here to Access

Property Facts

Price $2,750,000
Price Per Unit $687,500
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.06 AC
Building Size 11,040 SF
No. Stories 4
Year Built 1930
Zoning C4-3 - Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Oven
  • Tub/Shower
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Smoke Free
  • Public Transportation
  • Walk-Up
  • Smoke Detector
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
03515-0028
Land Assessment
$14,850
Improvements Assessment
$490,500
Total Assessment
$505,350
  • Listing ID: 19933130

  • Date on Market: 6/16/2020

  • Last Updated:

  • Address: 1526 Pitkin Ave, Brooklyn, NY 11212

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