Mixed-Use Building in
For Sale
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1508 Pitkin Ave, Brooklyn, NY 11212
Mixed-use building with apartments and commercial space in Brooklyn.
Property Size5,700 SF
Price / SF$264.56
Days on Market1077
Property Features for 1508 Pitkin Ave
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Mixed Use, Multifamily
Zoning
C4-3
Occupancy
100%
Net Operating Income
$120,667
Building Details
Year Built
1930
Stories
3
Units
5
Listing Agency:
Highcap Group
Listed By:
Anthony Volman · License #NY
Source:
Crexi
Added: Sep 10, 2023
Changed: Aug 10
Last Checked: Aug 21 at 7:50AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 8% Cap Rate
- Long‑term Commercial Tenant
- Four Large Free Market Apartments
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
