Mixed-Use Building in
For Sale
$1,750,000
1508 Pitkin Ave, Brooklyn, NY 11212
Mixed use opportunity
Property Size5,700 SF
Lot Size0.05 Acres
Price / SF$307.02
Days on Market230
Property Features for 1508 Pitkin Ave
General Information
Standard status
Active
Property type
Other retail properties, Mixed-use properties, Retail properties & Spaces
Size
5,700 SF
Net Rentable
5,700 SF
Class
C
Elevators
No
Lot size
0.05 Acres
Occupancy
100%
Sale Condition
1031 Exchange
Investment Type
Owner User
Net Operating Income
$145,000
Building Details
Year Built
1940
Year Renovated
1985
Buildings
1
Stories
3
Units
5
Listed By:
Alan Levy
(917) 553-3057
Added: Feb 17
Changed: Apr 8
Investment Insights
Based on property information with market context.
This mixed-use property features a building size of 25 x 72 feet on a 25 x 92.92 foot lot. The property includes both commercial and residential spaces. The commercial area spans 3,000 square feet, with a retail floor area of 2,100 square feet. The residential area covers 2,700 square feet and comprises three 2-bedroom apartments and one 1-bedroom apartment. The building is fully occupied. The property generates a monthly income of $14,250, resulting in a yearly gross income of $171,000. Yearly expenses include $2,700 for water, $4,500 for insurance, $3,500 for electricity, $23,118 for property taxes, and $2,000 for maintenance and supplies, totaling $35,818 in expenses. Located in Brooklyn, New York, this property offers a mixed-use investment opportunity.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 29%
Apparel 15%
Dining 7%
Food Bazaar Supermarket
Groceries
26,934 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,615 visits/mo
0.5 miles
BP
Shops & Services
17,847 visits/mo
0.1 miles
Shoppers World
Apparel
14,472 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
13,756 visits/mo
0.4 miles
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Other retail property - Mixed use opportunity
Where is this other retail property located?
The property is located at 1508 Pitkin Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
