Skip to main content

Mixed-Use

2178 Pitkin Ave

2178 Pitkin Ave, Brooklyn, NY 11207

Listing Price: $2,700,000

Cap Rate
8.25%
Number of Units
8
Occupancy
100.0%
Price/Unit
$337,500
Price/Gross SF
$331.29
Gross SF
8,150

Investment Overview

Marcus & Millichap is pleased to present 2178-2182 Pitkin Avenue, a pair of recently gut-renovated mixed-use buildings on the corner of Pitkin Avenue and Bradford Street in Brooklyn, New York. This is essentially brand-new construction. The subject properties are two adjacent mixed-use buildings comprised of (1) one-bedroom, (3) two-bedroom, and (2) three-bedroom apartments over two retail spaces. The properties are currently 100 percent vacant, having recently undergone a full interior and exterior renovation. The properties are zoned R7A, C2-4. Every unit has its own individual hot water tank and gas boiler. The properties are located on the major retail artery in the area and only one block from the Van Siclen Avenue stop on the ā€œCā€ subway line. The property has an additional 12,850 buildable square footage. Pitkin Avenue is historically the strongest retail corridor in this part of Central Brooklyn. This an opportunity to acquire a turn-key mixed-use property with zero deferred maintenance.

Investment Highlights

  • Mixed-Use Property on the Corner of Pitkin Avenue and Bradford Street in Brooklyn
  • New Constructions - Full Interior and Exterior Renovation
  • Delivered Vacant

Exclusively Listed By

Mixed-Use

2178 Pitkin Ave

Listing Price: $2,700,000

Cap Rate
8.25%
Number of Units
8
Occupancy
100.0%
Price/Unit
$337,500
Price/Gross SF
$331.29
Gross SF
8,150

Investment Highlights

  • Mixed-Use Property on the Corner of Pitkin Avenue and Bradford Street in Brooklyn
  • New Constructions - Full Interior and Exterior Renovation
  • Delivered Vacant

Investment Overview

Marcus & Millichap is pleased to present 2178-2182 Pitkin Avenue, a pair of recently gut-renovated mixed-use buildings on the corner of Pitkin Avenue and Bradford Street in Brooklyn, New York. This is essentially brand-new construction. The subject properties are two adjacent mixed-use buildings comprised of (1) one-bedroom, (3) two-bedroom, and (2) three-bedroom apartments over two retail spaces. The properties are currently 100 percent vacant, having recently undergone a full interior and exterior renovation. The properties are zoned R7A, C2-4. Every unit has its own individual hot water tank and gas boiler. The properties are located on the major retail artery in the area and only one block from the Van Siclen Avenue stop on the ā€œCā€ subway line. The property has an additional 12,850 buildable square footage. Pitkin Avenue is historically the strongest retail corridor in this part of Central Brooklyn. This an opportunity to acquire a turn-key mixed-use property with zero deferred maintenance.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower