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Property profile & analytics
OFF-MARKET
Commercial real estate

1402 Pitkin Ave Brooklyn, NY 11233

2,520 SF
Property ID
US63-0806253
Property summary
AI-generated overview

This exceptional mixed-use property at 1402 Pitkin Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building boasts a total of 2,520 square feet and is comprised of three fully rented residential units. Two units offer 2 bedrooms and 1 bathroom each, while the third unit features 3 bedrooms. Each unit is equipped with a stackable washer/dryer, updated kitchens featuring marble countertops and new cabinetry, and renovated bathrooms. The entire building has undergone a complete renovation, including new electrical and plumbing systems, a new roof, and new windows. Modernization extends to the installation of new Navien combi-boilers in each unit, enhancing efficiency and reducing operating costs. Hardwood floors grace the entire building, complemented by recessed lighting and a skylight. The owner's responsibilities are limited to water and common area lighting, minimizing ongoing expenses. Strategically located near Eastern Parkway, this property offers convenient access to public transportation, with the 3 train (Sutter Ave) and 4 train (Utica Ave) lines within easy walking distance. The asking price for this turnkey investment is $1,240,000. This property represents a rare opportunity to acquire a well-maintained, high-performing mixed-use building in a desirable Brooklyn neighborhood.

Property profile
Verified
Property type Commercial real estate
Total area 2,520 SF
UPID US63-0806253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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