1585 Pitkin AveBrooklyn, NY 11212

Property Details for 1585 Pitkin Ave

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

3,600 SF

Zone code

C4-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

03495-0036

APU

34950036

Description

This exceptional 1,800 square foot commercial property, located at 1585 Pitkin Avenue in the heart of Brownsville, Brooklyn, presents a unique investment opportunity. Situated in Kings County (Brooklyn), New York, this single-tenant space is ideally suited for a variety of uses, including retail establishments and medical facilities. The property's classification encompasses retail, office, and special purpose designations, offering flexibility for potential occupants. The building's total square footage is 1,800 square feet, distributed across a single suite, providing a cohesive and efficient layout. The property's address is 1585 Pitkin Avenue, Brooklyn, NY 11212, placing it within a vibrant business district, ensuring high visibility and accessibility. The motivated landlord is eager to secure a suitable tenant, making this an attractive proposition for those seeking a well-located commercial space in a thriving Brooklyn neighborhood. The property's versatility and prime location make it an excellent choice for businesses seeking to establish or expand their presence in this dynamic area. This is a single-tenant building, offering a streamlined and manageable space for a single business. The property is located at 40.6692547 latitude and -73.9149766 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $738,033

  6.5%

  $681,261

  7%

  $632,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,083

  Geo Method

  $729,083

• Alternative Use

  Use

  Valuation

  Residential

  $681,261

  Hospitality

  $624,031

  Educational

  $519,187

  Medical

  $537,042

  Retail

  $807,624

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6693

Longitude

-73.915

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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