1585 Pitkin Ave Brooklyn, NY 11212
Brownsville NeighborhoodEstimated payment $9,164/month
Highlights
- Wood Flooring
- Hot Water Heating System
- 4-minute walk to Chester Playground
About This Home
High-Income Mixed-Use Property for Sale — Below Market Value! ??
Owner Financing Available | Prime Location | Huge Income Potential Property Highlights:
• Flexible Configuration: Can be used as 1-story 4-family, 1-story 2-family, or all commercial setup.
• Retail Storefront: Approx. 1,900 sq. ft. on the first floor — perfect for any retail, restaurant, or service business in a high-traffic commercial corridor.
• Residential Apartments: Two large 3-bedroom units on the 2nd and 3rd floors, each approx. 1,120 sq. ft., providing excellent rental income.
• Finished Basement: Approx. 1,900 sq. ft. — ideal for storage, office use, or expansion space.
• Investor’s Dream: Multiple income streams from commercial and residential tenants.
• As-Is Sale: Priced below market value, offering immediate equity and upside potential.
• All Agents Welcome! Don’t miss this amazing investment opportunity!
?? Call or text today to schedule your private showing.
Property Details
Property Type
- Other
Est. Annual Taxes
- $28,503
Lot Details
- 1,800 Sq Ft Lot
- Lot Dimensions are 90 x 20
Home Design
- Mixed Use
- Brick Exterior Construction
- Slab Foundation
- Tile Roof
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Additional Features
- Wood Flooring
- Basement Fills Entire Space Under The House
Community Details
Overview
- 4 Units
Building Details
- Utility Expense $400
- Gross Income $84,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,503 | $293,400 | $40,500 | $252,900 |
| 2024 | $28,503 | $310,050 | $40,500 | $269,550 |
| 2023 | $24,093 | $303,300 | $40,500 | $262,800 |
| 2022 | $25,399 | $282,150 | $40,500 | $241,650 |
| 2021 | $23,821 | $222,750 | $40,500 | $182,250 |
| 2020 | $11,851 | $224,100 | $40,500 | $183,600 |
| 2019 | $21,679 | $224,100 | $40,500 | $183,600 |
| 2018 | $20,240 | $224,550 | $40,500 | $184,050 |
| 2017 | $17,089 | $218,700 | $40,500 | $178,200 |
| 2016 | $14,883 | $197,550 | $40,500 | $157,050 |
| 2015 | $8,011 | $166,050 | $40,500 | $125,550 |
| 2014 | $8,011 | $116,100 | $40,500 | $75,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $1,288,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $827,500 | -- | |
| Deed | $827,500 | -- | |
| Deed | $370,000 | -- | |
| Deed | $370,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 497204
APN: 03495-0036
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