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7001 3rd Ave 4,853 SF 100% Leased Retail Building Brooklyn, NY 11209 $3,590,000 ($739.75/SF) 4.38% Cap Rate
EXECUTIVE SUMMARY
Prime corner property featuring a 1-story commercial storefront with two 3-bedroom, 1-bath residential units above, situated on a 20 ft x 112 ft lot with an additional adjacent 16 ft x 112 ft lot included (total 36 ft x 112 ft). The commercial store has 1 year left on the lease, while both apartments are occupied on a month-to-month basis (Both units can be delivered vacant). This high-visibility location offers strong rental income with excellent potential for future development or expansion.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,853 SF
Building Class
B
Year Built
1914
Price
$3,590,000
Price Per SF
$739.75
Cap Rate
4.38%
NOI
$157,178
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.24
Lot Size
0.09 AC
Zoning
R6B, Brooklyn, (S2)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Blue Fire Fly
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Blue Fire Fly | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05891-0021 | Total Assessment | $103,260 (2025) |
| Land Assessment | $37,560 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $65,700 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05891-0021
Land Assessment
$37,560 (2025)
Improvements Assessment
$65,700 (2025)
Total Assessment
$103,260 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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7001 3rd Ave
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