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7401633
34955

1622 Pitkin Ave, Brownsville, NY 11212

JC
NY NY 10491209522
JA Cohen Advisory Group LLC
Listed by JA Cohen Advisory Group LLC
$1,495,000
3469 days on market
Updated 3 days ago

1622 Pitkin Ave

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 2,855
Units 1
Occupancy 100%
Tenancy Vacant
Lease Type Net
Lease Expiration 02/28/2026
Price per SqFt $524
Year Built 1930
Year Renovated 2008
Buildings 1
Stories 2
Lot Size (SqFt) 1,858
Zoning C4-3
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

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!

Investment highlights

Listing Contacts

JC
NY NY 10491209522
JA Cohen Advisory Group LLC
Listed by JA Cohen Advisory Group LLC

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Additional Information

Name
Jack A. Cohen
License
NY 10491209522
Brokerage Phone
718 971 1675
Title
New York (NY)
Brokerage Address
431 Avenue P
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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