About This Home

This 0-bedroom, 0-bathroom single family at 6812 3rd Avenue in Brooklyn, NY is listed for $1,888,888 ($605 per sqft). Built in 1925, the home offers 3,120 sqft of living space on a 0.04 acres lot.

Key Features

Built in 1925
0.04 acre lot
3 stories

Property Details

3 stories

1925

Listing Description

Prime Bay Ridge mixed-use investment opportunity! This three-story building features one commercial storefront, two residential units, and a full finished basement, with R6B zoning and a C1-3 commercial overlay. The second floor offers a spacious 3-bedroom, 1-bath apartment, while the third floor features a 2-bedroom, 1-bath unit.

The commercial storefront and second-floor residential unit are currently vacant, offering an excellent opportunity for an investor or owner-user to lease at current market rents. The ground-floor commercial space and second-floor unit have both been recently renovated.

With projected annual rental income of over $130,000 and a potential cap rate exceeding 5.8%, this property offers strong income potential in a desirable Bay Ridge location. Conveniently situated near shopping, dining, transportation, and neighborhood amenities. Please be advised that the Listing Agent is also the owner of the property. Contact the Listing Agents for additional information and financial details.

Monthly Cost Estimate

$10,102/mo

20% down · 6.5% · 30 years

Principal$1,366

Interest$8,185

Insurance$551

Estimates only. Actual payments may vary.

Location

6812 3rd Avenue

Brooklyn, NY 11220

Questions & Answers

This 0-bedroom, 0-bathroom single family at 6812 3rd Avenue is listed at $1,888,888 ($605/sqft). The estimated monthly payment is $10,102 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.04 acre lot, 3 stories.

This property is listed by XueFang (Sue) Li.

XueFang (Sue) Li

Agent at Fang Fang Realty Inc

6812 3rd Avenue, Brooklyn, NY 11220