Mixed-Use Building in Bay Ridge

9316 Third Avenue

Bay Ridge

Lot SF 1,700
Building SF 3,300
Residential Units 2
Commercial Units 1
Cross Streets 94th St & 93rd St
Subways
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Mixed-Use 9316 Third Avenue, Bay Ridge
Matthew Cosentino
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Details

NOI $76,481
Gross Rent Roll $102,600

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the mixed-use building located at 9316 Third Ave in the Bay Ridge neighborhood of Brooklyn. The property is located between 93rd and 94th Street.

The mixed-use, brick building consists of two Free Market residential units. The residential units are floor through. The unit mix consists of one apartment, with three beds and two bathrooms, and the others are two bedrooms and two baths. The property also includes one ground floor commercial unit that is currently occupied by a nail salon tenant, “Colorful Nails Spa.”

This building 20ft wide by 55ft in length for a total of 3,300 SF. The property is fully occupied and has a gross rent roll of $102,600 and a NOI of $76,481.

Attractions

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 Hunter’s Steak Ale House, Luluano’s Wood Fired Pizza Trattoria, Starbucks, and more.

The building is located a few blocks away from the 95th Street station, with access to the local R train. Walking distance to Shore Road Park as well as close proximity to Verrazano Bridge.

Hunter’s Steak Ale House
Luluano’s Wood Fired Pizza Trattoria
Shore Road Park
Verrazano Bridge

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