Prime Retail Property with Development Potential

2232 Pitkin Ave, Brooklyn, NY 11207

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For Sale

$5,990,000

Retail property with development potential in East New York retail corridor.

Type:Commercial

Property size:

7,500 SF

Lot size:

0.26 Acres

Price / SF:

$798/SF

HighLights

Large 11,325 Sq Ft lot with a 7,500 Sq Ft commercial building in the East New York retail corridor.
R7A zoning allows for mixed‑use or residential redevelopment potential.
Excellent transit score of 76.
Value‑add opportunity to lease the owner‑occupied portion at market rent.
Private parking lot for up to 10 cars.
Strong frontage on Pitkin Avenue, a busy retail strip with high foot traffic.

We can help!

Listing Contact

Arnold Min

Learn more

For Sale

$5,990,000

Retail property with development potential in East New York retail corridor.

Type:Commercial

Property size:

7,500 SF

Lot size:

0.26 Acres

Price / SF:

$798/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 3:13 pm

Property Features for 2232 Pitkin Ave

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 0.26 Acres
Property subtype: Commercial

Building Details

Year Built: 2002

We can help!

Listing Contact

Arnold Min

Listing agent Arnold Min

Listing office WINZONE REALTY INC.

Listing date Apr 24, 2026

Source Elliman

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 WINZONE REALTY INC.

HighLights

Large 11,325 Sq Ft lot with a 7,500 Sq Ft commercial building in the East New York retail corridor.
R7A zoning allows for mixed‑use or residential redevelopment potential.
Excellent transit score of 76.
Value‑add opportunity to lease the owner‑occupied portion at market rent.
Private parking lot for up to 10 cars.
Strong frontage on Pitkin Avenue, a busy retail strip with high foot traffic.

Overview

This property at 2232 Pitkin Avenue, Brooklyn, NY 11207, presents a rare opportunity for investors, developers, and end-users. It is located in the heart of the East New York retail corridor along Pitkin Avenue. The property features a 7,500 square foot single-story commercial building with frontage on a busy retail strip. Situated on an 11,325 square foot lot, the property is located within an R7A zoning district, offering potential for mixed-use or residential redevelopment in addition to retail use. The surrounding area is densely populated with significant residential density and daily foot traffic. Half of the property is owner-occupied, creating a value-add opportunity for a buyer to lease the space at market rent. A private parking lot for up to 10 cars is included with the sale of the property. The location has a bike score of 64, indicating it is bikeable, a walk score of 59, indicating it is somewhat walkable, and a transit score of 76, indicating excellent transit options.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$583.2k	$77.76
− Vacancy	−$69.4k	−$9.25
EGI	$513.8k	$68.51
− OpEx	−$154.1k	−$20.55
NOI	$359.7k	$47.95

7,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$5.14M

$4.50M – $5.99M (±1% cap)

NOI $359,659 @ 7.0% cap · market cap 6.00%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$6.21M

$5.43M – $7.25M (±1% cap)

NOI $434,700 @ 7.0% cap · market cap 7.26%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

NYC laundry city ... (Bike/Boat/Book/etc) Store UPS Access Point ... Courier Service Giant Laundromat (Bike/Boat/Book/etc) Store Health Mart Pitkin ... Pharmacy

Suggested Use

Similar Places Nearby

Gaby Flowers — 186 Granville Payne Ave, Brooklyn, NY 11207
Little Shop Of Soil — 2233 Linden Blvd, Brooklyn, NY 11207
Gardenia Flower Shop — 2691 Atlantic Ave, Brooklyn, NY 11207
Gaby Flowers — 200 Granville Payne Ave, Brooklyn, NY 11207
Atlantic- Liberty Ave Florist — 2819 Atlantic Ave, Brooklyn, NY 11207

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.889761
Latitude: 40.672539

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For sale
Storefront properties
NY
Brooklyn
11207
2232 Pitkin Ave

What type of property is this?

Storefront property - Retail property with development potential in East New York retail corridor.

Where is this storefront property located?

The property is located at 2232 Pitkin Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $5,990,000.

What are key features of this property?

This property features: Large 11,325 Sq Ft lot with a 7,500 Sq Ft commercial building in the East New York retail corridor.; R7A zoning allows for mixed‑use or residential redevelopment potential.; Excellent transit score of 76.