1508 Pitkin Ave Brooklyn, NY 11212
Mixed-use building with apartments and commercial space in Brooklyn.
Type:Mixed Use, Multifamily
Property size:
5,700 SF- Added:
- Sep 10, 2023
- Days on Market:
- 942
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1508 Pitkin Ave
General Information
- Standard status
- Active
- Size
- 5,700 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1930
Listing agent Anthony Volman License #NY
Listing office Highcap Group
Listing date Sep 10, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Highcap Group
Overview
Mixed-Use Building in Brownsville
Located in Brownsville, Brooklyn, this mixed-use building features 4 large free market apartments and one commercial space. The building has a total area of 5,700 square feet, offered at $265 per square foot. The property is fully occupied and well-maintained, with tenants responsible for heating costs. The gross income is $155,240, and the net income is $120,667, resulting in a Gross Rent Multiplier (GRM) of 9.72. The building includes a long-term commercial tenant.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.917873
- Latitude
- 40.668384
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with apartments and commercial space in Brooklyn.
Where is this mixed-use property located?
The property is located at 1508 Pitkin Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,508,000.
What are key features of this property?
This property features: 8% Cap Rate; Long‑term Commercial Tenant; Four Large Free Market Apartments
