Rehabilitated Mixed-Use
For Sale
Contact for pricing
Pending
2588 Pitkin Ave, Brooklyn, NY 11208
Fully leased property combines six residential units with two retail spaces.
Property SizeContact for details
Days on Market145
Property Features for 2588 Pitkin Ave
General Information
Standard status
Pending
Property subtype
Mixed Use
Occupancy
100%
Site & Location
Frontage
40 ft
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Building Details
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Newmark
(646) 970-6305
Listed By:
Caroline Hodes · License #NY 10401272489
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 9:44AM
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 Newmark
Investment Insights
Based on property information with market context.
This brick mixed-use building contains six free-market residential units and two retail stores, providing a combination of residential and commercial occupancy within one property. A recently completed 75% gut rehabilitation adds significant renovation history to the asset, while the current leasing status supports an operating income profile.
The retail component includes 40 feet of frontage along Pitkin Avenue. The property is located three blocks from the C train at Shepherd Avenue and Euclid Avenue, connecting the building with nearby subway access. The projected cap rate is above 8%, adding a defined financial metric to the existing leased configuration.
The retail component includes 40 feet of frontage along Pitkin Avenue. The property is located three blocks from the C train at Shepherd Avenue and Euclid Avenue, connecting the building with nearby subway access. The projected cap rate is above 8%, adding a defined financial metric to the existing leased configuration.
Key Highlights
- Six free‑market residential units
- Two retail stores with 40’ of frontage
- Fully leased mixed‑use asset
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines six residential units with two retail spaces.
Where is this mixed-use property located?
The property is located at 2588 Pitkin Ave Brooklyn, NY.
What are key features of this property?
This property features: Six free‑market residential units; Two retail stores with 40’ of frontage; Fully leased mixed‑use asset
