Mixed-Use

6811 3rd Avenue

Listing Price: $2,800,000

Cap Rate
4.62%
Number of Units
16
GRM
11.65
Occupancy
97.00%
Price/Unit
$175,000
Price/Gross SF
$191.78
Gross SF
14,600

Investment Overview

Marcus and Millichap is proud to present 6811 3rd Avenue, a four story mixed-use building comprised of fourteen two-bedroom apartments and two retail units. The property is located on 3rd Avenue between 68th Street & Bay Ridge Avenue in the Bay Ridge neighborhood of Brooklyn.

The subject property was built in 1912 and measures 50 feet wide by 73 feet deep, on a lot that extends 90.08 feet deep and is zoned R6B, C2 3. The Bay Ridge Avenue "R" train is 1 block away providing easy commutability.

Investment Highlights

  • Bay Ridge 14 Apartments & Two Stores
  • All Apartments are Large Two Bedroom Units
  • Unusually Large Property Totaling 14,600 Square Feet
  • Fully Leased Property with Recent Improvements
  • Excellent Location in Bay Ridge Near "R" Train and Multiple New Restaurants
  • Additional Basement Storage Income

Exclusively Listed By

Listing Price: $2,800,000

Cap Rate
4.62%
Number of Units
16
GRM
11.65
Occupancy
97.00%
Price/Unit
$175,000
Price/Gross SF
$191.78
Gross SF
14,600

Investment Highlights

  • Bay Ridge 14 Apartments & Two Stores
  • All Apartments are Large Two Bedroom Units
  • Unusually Large Property Totaling 14,600 Square Feet
  • Fully Leased Property with Recent Improvements
  • Excellent Location in Bay Ridge Near "R" Train and Multiple New Restaurants
  • Additional Basement Storage Income

Investment Overview

Marcus and Millichap is proud to present 6811 3rd Avenue, a four story mixed-use building comprised of fourteen two-bedroom apartments and two retail units. The property is located on 3rd Avenue between 68th Street & Bay Ridge Avenue in the Bay Ridge neighborhood of Brooklyn.

The subject property was built in 1912 and measures 50 feet wide by 73 feet deep, on a lot that extends 90.08 feet deep and is zoned R6B, C2 3. The Bay Ridge Avenue "R" train is 1 block away providing easy commutability.

Exclusively Listed By

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