Free Market Mixed Use Building in Bay Ridge

8009 3rd Avenue

Bay Ridge

$1,850,000

Building SF 2,880
Projected NOI $71,710
Units 3
Subways
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Mixed-Use 8009 3rd Avenue, Bay Ridge
Matthew Cosentino
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Details

Lot SF 2,000
Stories 3
Zoned R6B, C1-3, BR

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the mixed-use building located at 8009 Third Ave in the Bay Ridge neighborhood of Brooklyn. The property is located between 80th and 81st Street.

The mixed-use, brick building consists of two Free Market residential units. Both residential units are floor through two bedrooms and one bath. The property also includes one ground-floor commercial unit that is currently vacant.

The 20 ft wide building has a total of 2,880 SF. When fully occuiped , the propety has a gross projected rent roll of $97,800 and a projected NOI of $71,710. At the asking price the building represents a PPSF of ~$600.

Located in the heart of Bay Ridge, the property provides a central location to the Third Avenue retail corridor with a variety of bars, restaurants and attractions such as the Windy City Ale House, Luluano’s Wood Fired Pizza & Trattoria, Bagel Boy, Bay Ridge Yoga and more.

The building is located a few blocks away from the 77th Street station, with access to the local R train. As well as ferry service from the 69th Street pier providing access to Wall Street. The Gowanus Expressway via the 65th Street entrance and the Verrazano Bridge are in close proximity as well.

Attractions

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