2724 Pitkin Ave | Brooklyn, NY 11208
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- LoopNet Team
2724 Pitkin Ave
Brooklyn, NY 11208
2724 PITKIN AVENUE · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Significant Upside Via Program Rents: Projected 9% cap based on NYC HPD's Subsidy & Payment Standards (6.64% cap in-place)
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Low Maintenance: Building has been renovated and meticulously maintained, with no need for short-term capital improvements
- Fantastic Light & Air: Air shafts on both sides of the building provide significant light and air, allowing for efficient unit layouts.
- The Euclid Avenue station entrance is just 50 feet from subject property, with A & C trains
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 8,151 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1925/2015 |
| Building Class | C | ||
| Zoning | R5 - R5 Zoning is considered “low density” residential zoning. | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,151 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2015 |
| Zoning | R5 - R5 Zoning is considered “low density” residential zoning. |
PROPERTY TAXES
| Parcel Number | 04233-0019 | Improvements Assessment | $444,150 |
| Land Assessment | $58,050 | Total Assessment | $502,200 |
PROPERTY TAXES
Parcel Number
04233-0019
Land Assessment
$58,050
Improvements Assessment
$444,150
Total Assessment
$502,200
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