

1622 Pitkin Ave
CORNER RETAIL ON PITKIN AVE
Marketing description
Introducing a prime repositioning opportunity in East Williamsburg! The 1622 PITKIN AVE is a two-story retail building at the four-way hard corner of Pitkin Ave and Thomas S. Boyland St. This property offers a chance for owner-operators or investors to capitalize with a price adjustment to $1,495,000, now at $524 PSF. With the existing lease ending soon, there's potential for new market-rate tenancy. Features include ground-floor/basement retail spaces, high visibility, and proximity to the Sutter Avenue subway station. Built in 1930, this 2,855 SF building on 1,858 SF of land presents an ideal setting for retail brands seeking exposure. This East Williamsburg gem boasts dual frontage, promising high foot and vehicular traffic, perfect for enhancing NOI through new leases. Don't miss out on this value-add gem in a high-traffic locale!
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