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  • $2,188,000

    2178 Pitkin Ave, Brooklyn, NY 11207

    4beds
    --sqft
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    Mixed Use
    Built in 1935
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Project Overview Offered for sale fully renovated, income-producing mixed-use buildings located on the high-traffic commercial corridor of East New York, Brooklyn (11207). Positioned side by side in a rapidly gentrifying neighborhood, these two assets feature stable commercial tenancies, high-demand residential units, minimal maintenance costs, and substantial long-term appreciation potential. Benefiting from NYC’s $270 million East New York revitalization plan, ongoing transit upgrades, and continuous commercial renewal, the area remains a high-value investment hotspot with low entry costs and strong upward valuation momentum. Ideal for cash-flow investors, 1031 exchange buyers, and long-term Brooklyn real estate portfolio expansion. Neighborhood Advantages • Government-Led Revitalization: Large-scale urban renewal, public facility upgrades and commercial corridor renovation continuously boost regional land value. • High Cost-Performance: The area’s property prices are still below the 5-year peak, offering a rare low-entry investment window in Brooklyn. • Stable Foot Traffic & Strong Demand: Pitkin Avenue is the core commercial artery with dense residential communities, ensuring sustainable commercial and residential rental demand. • Premium Transportation Network: Easy access to major parkways, JFK Airport, and multiple subway & bus lines, connecting Manhattan, Queens and entire NYC efficiently. • Recession-Resistant Rental Market: Constant local population creates rigid demand for residential and community commercial leases, ensuring steady rental income. ****** High-Yield Deli Retail + Multi-Residential Units******* A high-return compound mixed-use asset with larger rental volume and higher annual yield. • Ground Floor Storefront: Occupied by a well-known local long-running deli business. As NYC’s most resilient community business, it delivers stable tenancy and reliable rental returns. • High-Income Residential Layout: 4 spacious 1-bed 1-bath units (second floor & rear first floor), maximizing rental revenue with higher overall cash flow. • Full Renovation & Perfect Condition: Modern upgraded interior and exterior with well-preserved structure, ready for immediate operation. • Independent Utility System: All units equipped with separate meters for easy, low-cost remote management. • Prime Street Exposure: Premium frontage on Pitkin Avenue with abundant pedestrian and vehicle traffic, ensuring sustainable commercial value. Best For: Yield-focused investors, portfolio expansion buyers, high-return real estate allocators. Core Investment Merits 1. Dual Income Hedge: Stable commercial base income + incremental residential rental profit, avoiding single-industry market risks. 2. Zero Extra Cost: Fully renovated buildings with no hidden maintenance or renovation expenses, instant income after acquisition. 3. Hassle-Free Management: Independent utility design realizes standardized, low-effort remote property operation. 4. Long-Term Appreciation: Urban renewal and transit iteration drive continuous land value growth, achieving short-term cash flow and long-term asset appreciation. 5. Flexible Acquisition: Available for individual purchase or bundled purchase for large-scale portfolio aggregation. Target Buyers ✔ Investors pursuing stable passive cash flow ✔ 1031 exchange eligible buyers ✔ Portfolio builders expanding Brooklyn real estate holdings ✔ Overseas buyers for safe asset allocation & value preservation ✔ Owner-users seeking self-use + investment dual benefits Private Showing Available These turnkey mixed-use properties are rare in East New York’s core commercial corridor. Fully leased, newly renovated and low-risk, they represent premium investment opportunities. Contact us today to schedule a private tour and obtain full lease details, property condition reports and ROI analysis
    20 days
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    29
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    E Realty International Corp 646-651-3858,

    Vicky Wei

    Source: StreetEasy,MLS#: S1834545

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Features
      • Has fireplace: No

      Property

      Details
      • Parcel number: 037420016
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Mixed Use
      Condition
      • Year built: 1935

      Community & HOA

      Community
      • Subdivision: East New York
      Location
      • Region: Brooklyn

      Financial & listing details

      • Tax assessed value: $1,322,000
      • Annual tax amount: $16,734
      • Date on market: 6/23/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,755/mo

        Price history

        DateEventPrice
        7/10/2026Listed for sale$2,188,000-0.5%
        Source: StreetEasy #S1834545 Report a problem
        5/16/2018Sold$2,200,000+96.8%
        Source: Public Record Report a problem
        4/4/2016Listing removed$12,000
        Source: Zillow Rental Network #921240 Report a problem
        3/15/2016Listed for rent$12,000
        Source: Zillow Rental Network #921240 Report a problem
        8/3/2015Sold$1,118,000+135.4%
        Source: Public Record Report a problem
        12/11/2013Sold$475,000-62%
        Source: Public Record Report a problem
        11/29/2005Sold$1,250,000+212.5%
        Source: Public Record Report a problem
        6/22/2005Sold$400,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$16,734 +4.7%$79,320 -15%
        2024$15,980 $93,300 +13.2%
        2023-- $82,440 +8.4%
        2022-- $76,020 +5.8%
        2021-- $71,820 +0.1%
        2020$14,876 +6%$71,760 +8.2%
        2019$14,034 -14%$66,300 -15%
        2018$16,317 +33.3%$78,000 -49.2%
        2017$12,245 +17.3%$153,450 +16%
        2016$10,434 $132,300 +31.8%
        2015$10,434 +643.3%$100,350 +17.4%
        2014$1,404 $85,500
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East New York

        Getting around

        84 / 100
        Very Walkable
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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