1744 Pitkin Ave
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1744 Pitkin Ave
3,750 SF 71% Leased Retail Building Brooklyn, NY 11212 £941,292 (£251/SF) 5.78% Net Initial Yield
Investment Highlights
- Neighboring tenants include national retailers such as Domino's, Chase, and T-Mobile.
Executive Summary
PROPERTY HIGHLIGHTS
Store- 20 x 55 plus basement = $3,200 per
month plus 25% of heat and increases in Real Estate Taxes from 2018
2nd Floor Apartment = $2,500 per month/ 3
bedrooms
3rd Floor, 3 Bedroom + 2 Bath $2,500
Lot - 25 x 55 Building- 25 x 50
Taxes: $17,000/ Heat- $4,000/ Water- $3,200
Electric- $1,200/ Insurance- $8,200
FOR FURTHER DETAILS CONTACT
SAMUEL MIZRAHI Cell 917-561-4526
Store- 20 x 55 plus basement = $3,200 per
month plus 25% of heat and increases in Real Estate Taxes from 2018
2nd Floor Apartment = $2,500 per month/ 3
bedrooms
3rd Floor, 3 Bedroom + 2 Bath $2,500
Lot - 25 x 55 Building- 25 x 50
Taxes: $17,000/ Heat- $4,000/ Water- $3,200
Electric- $1,200/ Insurance- $8,200
FOR FURTHER DETAILS CONTACT
SAMUEL MIZRAHI Cell 917-561-4526
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
C
Year Built
1930
Price
£941,292
Price Per SF
£251
Net Initial Yield
5.78%
NOI
£54,360
Percent Leased
71%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.87
Land Acres
0.03 AC
Opportunity Zone
Yes
Zoning
C4-3 - Commercial zoning district
Frontage
25 ft on Pitkin Avenue
Amenities
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Maliksportswear
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Maliksportswear | - | 99,999 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,100 SF of retail space available. The store measures 20 x 55 plus basement.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,100 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,100 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,100 SF of retail space available. The store measures 20 x 55 plus basement.
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03524-0011 | Total Assessment | £122,486 (2024) |
| Land Assessment | £83,657 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £38,828 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
03524-0011
Land Assessment
£83,657 (2024)
Improvements Assessment
£38,828 (2024)
Total Assessment
£122,486 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
-
Samuel Mizrahi -
Century 21 Mizrahi Realty
1 of 9
VIDEOS
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1744 Pitkin Ave
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