1402 Pitkin Ave Brooklyn, NY 11233
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.