2232 Pitkin Avenue, New York, NY, 11207
$4,500,000
$5,990,000
activeLot Size
12,500 sqft
Year Built
2002
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
2232 Pitkin Avenue Brooklyn, NY 11207 Investors • Developers • End-Users Rare opportunity to acquire a prime retail property with development potential in the heart of the East New York retail corridor along Pitkin Avenue. Situated on a large 11,325 Sq Ft lot, the property features a 7,500 Sq Ft single-story commercial building with strong frontage along one of Brooklyn’s busiest neighborhood retail strips. The surrounding area is densely populated and supported by significant residential density and daily foot traffic. The property is located within an R7A zoning district, offering potential for mixed-use or residential redevelopment in addition to retail use. Excellent owner-user or long-term development opportunity Half of the property is owner-occupied, creating a strong value-add opportunity for a buyer to lease the space at market rent and substantially increase the rent roll and cap rate. Attached is a private parking lot up to 10 cars that comes with the sale of the property
Listed by Arnold Min, Winzone Realty Inc
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