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1766-1774 Pitkin Ave
Brooklyn, NY 11212
 Retail Property For Sale

Retail Spaces New York Brooklyn 1766-1774 Pitkin Ave, Brooklyn, NY 11212

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INVESTMENT HIGHLIGHTS

  • Excellent Location with Great Visibility
  • Stable Cash Flow for a Long -Term Investment
  • Strong Traffic & Demographics

EXECUTIVE SUMMARY

This property is a 3-story building totaling 5,025 square feet. Built in 2002, it has great visibility and easy accessibility. This Retail/Residential is 80% occupied with long term tenants. Located at a very busy intersection, this property is an excellent investment opportunity.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,026 SF
Building Class
C
Year Built
2002
Price
$1,650,000
Price Per SF
$328.29
Cap Rate
6.07%
NOI
$100,145
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.04 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C4-3
Frontage
104’ on Pitkin Avenue

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC

PROPERTY TAXES

Parcel Number 03525-0113 Improvements Assessment $202,950
Land Assessment $18,450 Total Assessment $221,400

PROPERTY TAXES

Parcel Number
03525-0113
Land Assessment
$18,450
Improvements Assessment
$202,950
Total Assessment
$221,400
 

  • Listing ID: 22261508

  • Date on Market: 2/17/2021

  • Last Updated:

  • Address: 1766-1774 Pitkin Ave, Brooklyn, NY 11212

More public record information on 1766-1774 Pitkin Ave, Brooklyn, NY 11212

The Brownsville Retail Property at 1766-1774 Pitkin Ave, Brooklyn, NY 11212 is currently available. Contact Choice Real Estate for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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1766-1774 Pitkin Ave, Brooklyn, NY for sale Plat Map- Image 8 of 9
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