See Home Value
$5,490,000 - $6,710,000
Land - Off Market

1518 Pitkin Avenue

Brooklyn, NY 11212
bedrooms
Studio
bathrooms
0 Bath
Transfer
Buyer

About This Property

Positioned at 1518 Pitkin Avenue, this property stands as a practical opportunity for developers. Encompassing two commercial lots and one vacant lot, the site spans 14,292 square feet (with dimensions of 100' x 142.92') and holds a C4-3 zoning, allowing for the construction of a 68,601 square feet mixed-use building. Its strategic corner location at the intersection of Pitkin Avenue and Saratoga Avenue permits a 100% lot coverage ratio.    Conveniently located 0.5 miles from the Rutland Road subway station, the property ensures seamless transportation access. Situated amidst a vibrant retail corridor with established national tenants, it offers a pragmatic choice for developers seeking a sound investment opportunity.    The property's mont-to-month tenancy provides developers with a clean slate for envisioning their project. In addition to the potential for a 63-unit mixed-use building, featuring approximately 5,717 square feet of ground floor retail space, there is room for further expansion. By incorporating Community Facility space, developers can maximize the project to a total of 68,601 square feet. This property represents a practical canvas for crafting a versatile mixed-use development, promising functionality and growth in a prime location.
Unit Size
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Days on Market
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Land Size
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Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Price History

Date / Event Date Event Price
Jan 28, 2024 No longer available -
No longer available
Nov 26, 2023 Listed $6,100,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
1 Bath
578 ft²
$8,625/ft²
$4,985,000 May 23, 2022
$4,985,000 Jan 31, 2023
$509/mo

About Eastern Brooklyn


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Frequently Asked Questions

When was property at 1518 Pitkin Avenue built and last sold?
The property at 1518 Pitkin Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1518 Pitkin Avenue is $6,161,000.
What are some comparable homes to 1518 Pitkin Avenue?
There are currently no comparable homes to 1518 Pitkin Avenue.

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