1622 Pitkin Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11212- Brownsville
$1,750,000 USD
718-971-1675
1622 Pitkin Ave, Brooklyn, NY for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 5.15% Cap Rate

1622 Pitkin Ave
Brooklyn, NY 11212
Brownsville


HIGHLIGHTS

  • CORNER RETAIL PROPERTY on a heavy pedestrian traffic Avenue. Neighboring tenants include: Ashley Stewart, Rainbow Shops, Rite Aid, Popular Bank

OVERVIEW

Built in 1930, this 2-story plus basement retail building consists of 2,855± SF with 3500 SF of unused air rights, and is located on the Southeast corner of Pitkin Avenue and Thomas S Boyland Street, just blocks from the Sutter Avenue Station on the [3] train. Subject property has 1,855± SF of ground floor retail space, 1,000± SF of storage on the second floor, and 1,000± SF of basement storage. As-of-right, this property has 6,317± total buildable SF. GameStop has renewed their lease 3 times in the last 6 months of their lease. *Tenant pays taxes above base year 2008

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$613 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Convenience Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,039 SF

ZONING

C4-3, Brooklyn (K2)

APN/PARCEL ID

03519-0032

ASK ABOUT THIS PROPERTY

Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

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Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.