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1731 Pitkin Ave 6 Unit Apartment Building $2,800,000 ($466,667/Unit) 7.61% Cap Rate Brooklyn, NY 11212
Investment Highlights
- 2020 Sub-Rehab
- Tax Class 2B
- 100% Free Market
- Turnkey
Executive Summary
Meridian Investment Sales is pleased to present 1731 Pitkin Avenue — a 4-story walk-up apartment building that has 8,772 SF and includes 6 residential units (100% FM) & 1 retail unit. Located between Osborn Street and Thatford Avenue in Brownsville, a dynamic and historic Brooklyn neighborhood known for its strong sense of community, cultural depth, and ongoing growth. The area features a mix of residential buildings, neighborhood parks, and local retail corridors, reflecting its longstanding character and resilience. The Property is 100% Free Market offering investors a turnkey mixed-use investment with durable cash flow.
Property Facts
| Price | $2,800,000 | Building Class | B |
| Price Per Unit | $466,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 8,772 SF |
| Cap Rate | 7.61% | No. Stories | 4 |
| No. Units | 6 | Year Built | 1930 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | C4-3 - C4-3 Zoning is a General Commercial Zoning district in NYC. | ||
| Price | $2,800,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 8,772 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | C4-3 - C4-3 Zoning is a General Commercial Zoning district in NYC. |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03489-0242 | Improvements Assessment | $446,850 |
| Land Assessment | $81,900 | Total Assessment | $528,750 |
Property Taxes
Parcel Number
03489-0242
Land Assessment
$81,900
Improvements Assessment
$446,850
Total Assessment
$528,750
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1731 Pitkin Ave
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