Royal Properties, Inc. is pleased to announce they have brokered the sale of 1750 Pitkin Avenue in Brooklyn, NY.
This 12,500 square foot building has three floors with a certificate of occupancy for retail sales throughout.
The previous occupant was VIM. VIM currently has a store on Rockaway Avenue, which is in the immediate trade area. The purchaser of the building is an investor and is very optimistic about this vibrant retail corridor. The new owner is looking to lease the property to a strong tenant and will consider dividing it.
“We marketed the space for just a few months,”states Rick Stassa of Royal Properties, Inc., who along with Karnit Mosberg represented both the buyer and seller in this transaction. “We had a great deal of interest.” Pitkin Avenue is home to many well-known retailers such as Family Dollar, McDonald’s Western Union, T-Mobile, Rent-A-Center, GameStop, Planet Fitness, Foot Locker, Metro PCS, Payless Shoesource, KFC, Chase Bank, Jimmy Jazz, Shoppers World, Rite Aid, Rainbow, Portabella, and Ashley Stewart. A new Quality Inn Hotel and a large medical center are under construction in the immediate proximity to the property.
For additional information on our other properties for sale, please contact Rick Stassa at 914-237-3400, Ext. 107 or Rick@RoyalPropertiesInc.com.
Royal Properties, Inc. is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc., please call 914-237-3400 or visit our website at www.RoyalPropertiesInc.com.