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Property profile & analytics
FOR SALE
Retail space
2232 Pitkin Ave Brooklyn, NY 11207
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-5967251
For Sale
1 / 10
$5,990,000
2232 Pitkin Ave, Brooklyn, NY 11207
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
7,500 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R7A
APN
04010-0019
UPID
US63-5967251
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
-
NYC laundry city express (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
Giant Laundromat (Bike/Boat/Book/etc) Store
-
Health Mart Pitkin Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Unisource Corp · 18 yrs held
Unisource Corp
since 2008
7 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$439 / 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
$45,615
Tax year 2024
Assessed value
$557,100
Assessed 2024
Previous assessed
$546,300
+2.0% YoY
Effective rate
8.19%
On assessed value
Assessed land
$50,400
Assessed improvement
$506,700
Land market value
$112,000
Improvement market value
$1,126,000
Total market value
$1,238,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2002
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
7,500 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R7A
APN
04010-0019
UPID
US63-5967251
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.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Unisource Corp
Entity
Mailing address
2232 PITKIN AVE, BROOKLYN, NY 11207-3621
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Unisource, Corp.
—
Deed
related
$6,598 · Alma Bank
May 20, 2019
—
Unisource Corp
—
Deed
related
$2,610,000 · Metro Cty Bk
Jun 16, 2017
—
Unisource Corp
—
Deed
related
$900,000 · Noah Bank
Aug 10, 2016
—
Unisource Corp
—
Deed
related
$2,600,000 · Noah Bk
Jul 3, 2008
$2,000,000
Unisource Corp
Pitkin Real Property INC
Grant Deed
—
Jun 12, 2007
$1,800,000
Pitkin Real Property INC
Hwang,joseph
Grant Deed
—
May 16, 2007
—
Ok H Hwang
Hwang,joseph E
Quit Claim Deed
related
—
Jan 15, 2004
—
Joseph E Hwang
Hwang,joseph E
Quit Claim Deed
related
—
Feb 7, 2001
$100,000
Ok Hg Kim
Square Two Properties LLC
Grant Deed
—
—
—
Unisource Corp
—
Loan Modification, Consolidation And Extension
related
$2,600,000 · Noah Bk
—
—
Unisource Corp
—
Loan Modification
related
$2,610,000 · Metro Cty Bk
—
—
Unisource Corp
—
Deed Of Trust
related
$200,000 · Wilshire Bk
—
—
Joseph E Hwang
—
Deed Of Trust
related
$971,456 · Royal Asian Bank
—
—
Unisource Corp
—
Deed Of Trust
related
$130,000 · Newbank
—
—
Unisource Corp
—
Loan Modification
related
$700,000 · Metro Cty Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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