3 Black Cats

Chinese Restaurant

ZION

TRIANGLE

CHESTER

PLAYGROUND

Pitkin Avenue Quarterly Real Estate Report Fall 2016

Gourmet Deli

1502 Pitkin Avenue 600 SF

Coldwell Banker, 718-921-3100 Available Now

Asking Rent: $2,300

435 Rockaway Avenue Lot Size: 2,500 SF Crossroads Properties, 718-323-1100

For Sale: $999,000

1522 Pitkin Avenue 500 SF

Jesse Gericke (BID), 603-769-0190 Available Now

Asking Rent: $1000

1727 Pitkin Avenue 2,000 SF Contact Property Owner Available Now

Asking Rent: Negotiable

1550 Pitkin Avenue 5,385 SF

Jenel Management, 212-889-6405 x17 Available Now

Asking Rent: $23,000

1744 Pitkin Avenue 1,500 SF

Century 21, Samuel Mizrahi Available Now

718-998-5700, Asking Rent: $3,500

1588 Pitkin Avenue 3,000 SF

Lior Dishi 212-568-2017 Available Now

Asking Rent: Negotiable

1750 Pitkin Avenue 5,000 SF

Century 21, Samuel Mizrahi +Mezzanine

718-998-5700, Asking Rent: $12,000 Available Now

1665 Pitkin Avenue 2,000 SF

Solomon Doeuk, 917-301-7763 + Upper Floor

Asking Rent: Negotiable Available Now

1757 Pitkin Avenue 1,500 SF

Sin Hwa Yang Oh, 917-892-9398 Available Now

Asking Rent: Negotiable

1672 & 1674 Pitkin Avenue 650 SF Pliskin Realty, Mike Dibella Divisible

516-997-0100 Available Now

1761 Pitkin Avenue 1,500 SF Sin Hwa Yang Oh, 917-892-9398 Available Now

Asking Rent: Negotiable

428 Rockaway Avenue 1,200 SF

Solomon Doeuk, 917-301-7763 Available Now

New interior renovation w/ subway tiles!

1764 Pitkin Avenue 3,000 SF Manzoor Patoli, 516-974-3545 Available Now

Asking Rent: $7,000

1764-B Pitkin Avenue 1,500 SF

Manzoor Patoli, 516-974-3545 Available Now

Asking Rent: $4,200

1784 Pitkin Avenue 3,000 SF

Phillip Knoll, 914-260-4867 Available Now

Asking Rent: Negotiable

Questions? Please contact our Business Attraction Director: Jesse Gericke (603)769-0190 / jesse@pitkinavenue.nyc

Bring your business to Brownsville’s oldest commercial corridor: Pitkin Avenue! Our district has seen an influx of capital improvements, including: New housing, bike lanes, street furniture, public art installations and community gardens. In the past quarter, the district add-ed three new businesses: De Yi Xuan Chinese Buffet, New Friend’s Gourmet Deli, and 3 Black Cats Café and Cakery.

Bring Your Business to Brownsville!

16 Retail Spaces with over 35,000 SF of available space!

Pitkin Avenue District Profile

Located in the heart of Brownsville, Brooklyn, the 16 blocks comprising the Pitkin Avenue commercial corridor is filled with both inde-pendently-owned businesses and regional chains that serve Brownsville’s more than 120,000 residents. In the past decade, the vacancy rate has dropped by more than 10% as more businesses are drawn to Pitkin Avenue for it’s affordable commercial rent, growing customer base, and youth culture.

Current Businesses

The Pitkin Avenue corridor resem-bles an outdoor urban mall, dotted with take-out eateries, beauty salons, and discount men’s and ladies apparel. Currently, the most popular business types on Pitkin Avenue are:

23 Take-out & Fast Food

21 Discount Apparel

16 Barber Shops & Salons

12 Shoe Stores

11 Discount & 99 Cent Stores

10 Furniture Stores

Businesses In Demand vs.

Our 2016 BID Consumer Survey found the following business types are in high demand on Pitkin Avenue:

Full Service Restaurants

Gourmet & Healthy Grocery

Banks & Credit Unions

Family Entertainment Centers

Art Gallery & Studio Space

Name Brand Clothing

Pitkin Avenue BID

(718) 922 - 9600

www.pitkinavenue.nyc

Retail Opportunity!

- Full Service Restaurant -

Our consumer survey indicated widespread support (68%) for sit-down restaurants offer-ing Italian Cuisine, Fresh Seafood, Southern Barbeque, and American-style Bar & Grills. We estimate there is $57 million in untapped restaurant sales.

Our 2014 market analysis found that the 1/2 mile Pitkin Avenue trade area is losing $308 million in potential sales to neighboring com-mercial districts.

68%

of residents agree

More Residents, More Customers

Pitkin Avenue population growth rates are strong and projected to continue to grow at a rate of .9% over the next 5 years. New housing construction, includ-

ing the long awaited completion of Prospect Plaza, will add 742 new resi-dential units, housing an estimated 1,800 new residents by 2018. All of these new residents will be within a 1/2 mile of Pitkin Avenue.

In July, former Pitkin BID em-ployee Diana Jimenez and her sisters opened 3 Black Cats Cafe and Cakery on Belmont Avenue. The café offers break-fast pastries, lunch paninis and salads, and custom cakes to order. The sisters share the space with the Dream Big Resource Center, a Brownsville small business mentor and incubator.

In addition to 3 Black Cats Café, we are also excited to announce the opening of these new businesses:

Di Yi Xuan Chinese Buffet

Casa de Reinas Salon and Spa

New Friend’s Gourmet Deli

New Business Spotlight

$308 MILLION

Unmet Retail Demand

Pitkin Avenue Beautification Pitkin Avenue has never been a more attractive place to open a business. Over the course of two years the Transform/Restore: Browns-ville community art project created 5 unique murals on Pitkin Avenue buildings. The project engaged local youth

and business owners and is part of a long term initiative to physi-cally transform the Pitkin Avenue commercial corri-dor into a safe and attractive shopping corridor for residents and visitors alike.

Commercial Rents

The Beacon Prospect Plaza - Phase I Prospect Plaza - Phase II

Pitkin Avenue $35 - $49 SF/year

Gateway Center - East NY $80 - $99 SF/year

Fulton Street - Bed Stuy $50 - $64 SF/year

Franklin Ave - Crown Heights $65 - $79 SF/year

Compared to neighboring commercial districts, retail rent on Pitkin Avenue continues to be one of East Brooklyn’s best bargains: