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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Retail residential properties
2182 Pitkin Ave, Brooklyn, NY 11207-3613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6188826
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1899
Total area
3,530 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
03742-0018
UPID
US63-6188826
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
Current use
Occupant on record · Public records
-
Phullon Care Providers Medical Clinic
-
Empire Fire Extinguisher Service & Inspection Co. Production Facility Building Supply
-
Ridgeline Electrical Service Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Pitkin Equities LLC · 4 yrs held
Pitkin Equities LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+173.6%
Retail stores
$2.7M
+165.2%
Office building
$1.9M
+89.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,795,000
ML approach
$2,910,000
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,805,000
Change: +174% · Conversion: Difficult
RETAIL STORES
$2,720,000
Change: +165% · Conversion: Easy
OFFICE BUILDING
$1,945,000
Change: +90% · Conversion: Easy
WAREHOUSE, STORAGE
$1,770,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±10% · vs last sale $2.70M (Jun 1 2022)
Last sale anchor
$2.70M
Jun 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$786 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,890
Tax year 2024
Assessed value
$238,950
Assessed 2024
Previous assessed
$236,700
+1.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$67,500
Assessed improvement
$171,450
Land market value
$150,000
Improvement market value
$381,000
Total market value
$531,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1899
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
3,530 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
03742-0018
UPID
US63-6188826
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1899
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Pitkin Equities LLC
Entity
Mailing address
1425 37TH ST STE #611, BROOKLYN, NY 11218-3755
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Pitkin Equities LLC
—
Deed
related
$75,000 · Broadview Capital LLC
Jun 1, 2022
$2,700,000
Pitkin Equities LLC
2178-2182 Pitkin Ave LLC
Deed
$2,125,000 · Pitkin Lender LLC
May 16, 2018
$2,200,000
2178-2182 Pitkin Ave LLC
Rh 2178-2182 Pitkin Ave LLC
Grant Deed
related
—
Aug 3, 2015
$1,118,000
Rh 2178-2182 Pitkin Ave LLC
Durga 2178 Pitkin LLC
Grant Deed
$697,500 · Carver Fsb
Mar 13, 2014
—
Durga 2178 Pitkin LLC
Durga Real Estate LLC
Quit Claim Deed
related
—
Dec 11, 2013
$475,000
Durga Real Estate LLC
Pb 2180 Pitkin Avenue LLC
Grant Deed
—
Oct 25, 2006
$1,450,000
Pb 2180 Pitkin Ave LLC
2180 Pitkin LLC
Grant Deed
related
—
Nov 29, 2005
$1,250,000
2180 Pitkin LLC
2176 Pitkin Avenue Corp
Grant Deed
$937,500 · Brooklyn Fsb
Jun 22, 2005
$400,000
2176 Pitkin Avenue Corporation
Taryn Holding Corporation
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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