1585 Pitkin Ave Brooklyn, NY 11212
Brownsville NeighborhoodEstimated payment $10,901/month
About This Home
A prime opportunity to own a mixed-use building in an active commercial corridor. The property features a commercial space (20' x 86') on the ground floor with a rent-paying tenant in place, plus a finished basement offering added space. The 2nd and 3rd floors (20' x 54') boast two residential units with value-add potential. C4-3 zoning may allow for additional development offering flexibility for a range of mixed-use and commercial uses. Buyer to verify. Located near transit and surrounded by local businesses, this is a smart acquisition for any investors. Opportunities like this are rare, call for details.
Property Details
Property Type
- Other
Est. Annual Taxes
- $30,384
Year Built
- Built in 1930
Lot Details
- Lot Dimensions are 90 x 20
- Property is zoned C4-3
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 3495
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $4,000
- Gross Income $86,400
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 |
|---|---|---|---|---|
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $1,498,000 | -- | $386 / Sq Ft |
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 |
|---|---|---|---|
| Open | $41,837 | Commercial | |
| Previous Owner | $400,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 493439
APN: 03495-0036
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