8622 3rd Avenue 275 87th St 7 Unit Apartment Building $2,398,000 ($342,571/Unit) 5.71% Cap Rate Brooklyn, NY 11209

Located in the heart of Bay Ridge, Brooklyn, 8622 3rd Avenue offers a rare opportunity to own a well-maintained mixed-use brick building full of character and income potential. Built in 1926, this four-story property features a total of seven units—six residential apartments and one commercial retail space—spanning approximately 5,280 square feet on a 20 × 80-foot lot.
The ground floor is anchored by a spacious retail storefront, ideal for a stable commercial tenant and consistent rental income. The upper floors are home to six residential units, each featuring classic layouts, hardwood floors, and great natural light. A finished basement with a separate entrance adds flexible space for storage or potential amenity expansion.
Situated just minutes from the R train at 86th Street and several bus lines, the building is perfectly positioned in one of Brooklyn’s most walkable and family-friendly neighborhoods. Residents enjoy close proximity to local favorites like The Kettle Black, boutique shopping, parks, and highly rated schools such as P.S. 185. The block itself is a bustling corridor with strong foot traffic and a tight-knit community feel.
From an investment standpoint, the property offers diversified cash flow thanks to its mixed-use structure. This property is being offered at a competitive price for a motivated investor. For more information, including current rent roll and operating expenses, or to schedule a private tour, please get in touch today. Don’t miss your chance to own a piece of Bay Ridge with both charm and steady returns.