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85 Pitt Street Sold For $7.4 Million

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A 12,000 square foot residential building with ground floor retail has a new owner.

85 Pitt St.
85 Pitt St.

85 Pitt Street, near Rivington, was sold last month for $7,430,000.  The purchaser is listed as 85 Pitt LLC, with a mailing address at the offices of A.D. Real Estate Inc. in Great Neck. The building includes 21 apartments and 3 retail spaces.  It was last sold in 2008 for about $5 million.  In the past year, rental units (1 and 2 bedrooms) in the walk-up have been listed in the $2000-2500/month range.  There was a fatal shooting right outside 85 Pitt in 2011.  During the summer, the building right next door (210 Rivington) was sold for $7.6 million.

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