Property profile

1685 Pitkin Ave Brooklyn, NY 11212

OFF-MARKET
Investment properties
Property ID
US63-5316847
3,120 SF 0.03 ac lot Built 1930
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,200 square foot traditional office space is ideally situated on the second floor of 1685 Pitkin Avenue in Brooklyn, New York, 11212. Located between Rockaway Avenue and Chester Street, this single-tenant property benefits from a high-traffic location with significant foot and car traffic, ensuring excellent visibility and accessibility for your business. The space is zoned C4-3, offering flexibility for a variety of professional uses. The building's address is easily identifiable and accessible, making it a convenient location for clients and employees alike. This presents a unique opportunity to establish a thriving business in a vibrant and bustling area of Brooklyn. The property's size is perfect for a small to medium-sized business seeking a well-located and functional office space. The single-tenant occupancy ensures privacy and control over the environment. This is a fantastic opportunity to secure a well-positioned office space in a high-demand area of Brooklyn. The property's location offers easy access to various transportation options and local amenities, enhancing its overall appeal and convenience. Don't miss this chance to secure this prime commercial real estate opportunity.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1930
Total area 3,120 SF
Lot 0.03 ac (1,285 SF)
Zoning code C4-3
APN 03499-0070
UPID US63-5316847

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

1685 Pitkin Ave Brooklyn, NY 11212-5604
Brooklyn metro Census 92400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$370k

Owner & transaction history

since 2007
2 recorded transactions
2007
$775,000
2005
$675,000

Zoning & alternative use

C4-3 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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