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1731 Pitkin Ave 8,772 SF 100% Leased Retail Building Brooklyn, NY 11212 $4,109,130 CAD ($468.44 CAD/SF) 7.10% Cap Rate
Investment Highlights
- 2020 Sub-Rehab
- Tax Class 2B
- 100% Free Market
- Turnkey
Executive Summary
Meridian Investment Sales is pleased to present 1731 Pitkin Avenue — a 4-story walk-up apartment building that has 8,772 SF and includes 6 residential units (100% FM) & 1 retail unit. Located between Osborn Street and Thatford Avenue in Brownsville, a dynamic and historic Brooklyn neighborhood known for its strong sense of community, cultural depth, and ongoing growth. The area features a mix of residential buildings, neighborhood parks, and local retail corridors, reflecting its longstanding character and resilience. The Property is 100% Free Market offering investors a turnkey mixed-use investment with durable cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,772 SF
Building Class
B
Year Built
1930
Price
$4,109,130 CAD
Price Per SF
$468.44 CAD
Cap Rate
7.10%
NOI
$291,748 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.88
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C4-3 - C4-3 Zoning is a General Commercial Zoning district in NYC.
Frontage
27’ on Pitkin Ave
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Rainbow Nail and Hair Salon Inc.
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Rainbow Nail and Hair Salon Inc. | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03489-0242 | Improvements Assessment | $720,864 CAD |
| Land Assessment | $111,848 CAD | Total Assessment | $832,711 CAD |
Property Taxes
Parcel Number
03489-0242
Land Assessment
$111,848 CAD
Improvements Assessment
$720,864 CAD
Total Assessment
$832,711 CAD
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Presented by
1731 Pitkin Ave
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