1512 Pitkin Avenue

INVESTMENT OFFERING

Layout:

Basement:

• Mechanicals | Potential for Storage or Retail Use

Ground Floor:

• 1 Commercial
  • Occupying Full Ground Floor | Potential Access to Backyard & Basement

     

Second Floor:

• 4 apartments
  • 2A – Studio | 1-Bathroom
  • 2B – 1-Bedroom | 1-Bathroom
  • 2C – 1-Bedroom | 1-Bathroom
  • 2D – Studio | 1-Bathroom

Third Floor:

• 4 apartments
  • 3A – Studio | 1-Bathroom
  • 3B – 1-Bedroom | 1-Bathroom
  • 3C – 1-Bedroom | 1-Bathroom
  • 3D – Studio | 1-Bathroom

     

Additional Notes:

• Building was Altered (Alt 2) in 2009, receiving a new Certificate of Occupancy in 2012
• Building was Converted From 2 Apartments & 1 Store to 8 Apartments & 1 Store Through alteration 2, Which Does Not Jeopardize the Free Market Status.

   

Investment Opportunity:

• The Building is Currently Cash Flowing w/ 8 Free Market units & 1 Store
• NYC Pays Majority of Rent Through Vouchers | (Request for Breakdown)
• Additional 2,223 Buildable Square Feet of Air Rights
• Protected Tax Class 2B (Limited Tax Increases)

Location:

• Located in Brownsville Along High Trafficked Pitkin Avenue
• Within walking distance to the 3 | A | C Train Lines & B14 Bus Across the Street

Additional Notes:

• Prime Mixed-Use Opportunity in Brownsville
• Total of 8 Residential Units over a Restaurant
• Located Along the Pitkin Avenue Retail Corridor
• Short Walk to the Sutter Avenue/Rutland Road “2,3,4” Subway Station