Three-Unit Mixed-Use
For Sale
$800,000
Pending
2214 Pitkin Avenue, Brooklyn, NY 11207
Commercial Sale, Brooklyn, NY
Property Size2,064 SF
Lot Size0.04 Acres
Days on Market204
Property Features for 2214 Pitkin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7A
Rooms
Basement
Basement
Storage Space
View
City
Directions
Between Miller Ave & Van Siclen Ave.
Standard status
Pending
APN
04009-0023
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2997
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1935
Number of units
3
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Christopher Figueroa
(516) 518-8110
Added: Mar 20
Changed: Oct 5
Last Checked: Oct 9 at 10:06AM
MLS# 974452
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit mixed-use property combines a street-level commercial storefront with two residential apartments. The approximately 2,064-square-foot building includes a one-bedroom apartment at the rear and a four-bedroom apartment on the second floor. Constructed in 1935 with brick materials, the property also includes basement space, natural gas heat, public water, and public sewer service.
The building fronts Pitkin Avenue in Brooklyn and sits directly opposite New York City Subway A and C train service. J and Z train stations are located four blocks away, providing multiple transit connections near the property. R7A zoning is identified for the site.
The building fronts Pitkin Avenue in Brooklyn and sits directly opposite New York City Subway A and C train service. J and Z train stations are located four blocks away, providing multiple transit connections near the property. R7A zoning is identified for the site.
Key Highlights
- Three‑unit mixed‑use building with commercial and residential components
- Approximately 2,064 square feet on a 0.043‑acre lot
- Ground‑floor storefront along Pitkin Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,012
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,240
$1.3M
Cap Rate 7%
$900,171
$900.2K
Cap Rate 9%
$700,133
$700.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$116.9K $56.64/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$114.6K $55.51/SF
− OpEx
−$51.6K −$24.98/SF
NOI
$63.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,240
Cap Rate 7%
$900,171
Cap Rate 9%
$700,133
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,978 @ 7.0% cap · market cap 12.37%
Second Best
Mixed Use
$1.07M
$936.5K – $1.25M
NOI $74,923 @ 7.0% cap · market cap 9.37%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $1.99M
NOI $119,629 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with two residential apartments.
Where is this mixed-use property located?
The property is located at 2214 Pitkin Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with commercial and residential components; Approximately 2,064 square feet on a 0.043‑acre lot; Ground‑floor storefront along Pitkin Avenue
