2186-2188 Pitkin Ave
Brooklyn, NY 11207
2188 Pitkin Avenue · Retail Property For Sale

Nowak+Partners of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2188 Pitkin Avenue, a two story day-care center in between Bradford Street and Miller Avenue in the East New York section of Brooklyn, NY. The subject property is built 50 ft x 55 ft and sits on a 50 ft x 100 ft R7A, C2-4, EC-5 zoned lot (Block: 03742, 0020). The building totals two floors and a basement level, 8,250 square feet total, with a 2,000 square foot backyard. The property is a turn-key child care facility with all of the necessary appliances and furniture. The property is ready for immediate tenancy with an educational facility tenant, or easily converted for other office or community facility uses. 2188 Pitkin Avenue is located just one block away from the Van Siclen Avenue “C” subway station. Recent leases for similar child care facilities have been signed at $30 per square foot or more, allowing purchasers to immediately achieve a 7%+ capitalization rate in one of Brooklyn’s most rapidly developing and growing markets.