1622 Pitkin Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11212- Brownsville
$1,599,000 USD
718-971-1675
1622 Pitkin Ave, Brooklyn, NY for Sale
$1,599,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

1622 Pitkin Ave
Brooklyn, NY 11212
Brownsville


HIGHLIGHTS

  • ±6,317 Buildable SF
  • Dual frontage along Pitkin Avenue and Thomas S. Boyland Street
  • Immediate proximity to the Sutter Avenue L train station
  • The property sits at Pitkin Avenue and Thomas S. Boyland Street, benefiting from high vehicular and pedestrian flow

OVERVIEW

1622 Pitkin Avenue is a two-story retail building positioned on a prime four-way hard corner at Pitkin Avenue and Thomas S. Boyland Street. 2,855 Gross SF. 1,858 Lot SF. Delivered fully vacant, the property offers an owner-user or investor the opportunity to re-tenant at market rates, reposition the asset, and create value through new retail occupancy. Zoning and FAR permit the development of approximately 4 residential units. Fully vacant asset positioned for market-rate leasing or owner occupancy. High-traffic intersection near the Sutter Avenue L train station. Improved basis following price adjustment enhances value-add upside

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

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 Notice.