8612 3rd Ave 3,588 SF 100% Leased Retail Building Brooklyn, NY 11209 $2,200,000 ($613.15/SF) 5% Cap Rate

Magnificent Mixed-Use Investment Property in the Heart of Bay Ridge
A Unique Opportunity in a Prime Location
Nestled in one of Brooklyn's most sought-after neighborhoods, this stunning mixed-use property stands as a testament to both luxury and strategic investment. Imagine owning a piece of Bay Ridge, where bustling city life meets serene residential comfort.
Prime Retail Space
This property offers a retail space leased by the renowned Carvel Ice Cream chain, boasting approximately 1400 square feet of workable retail area. The steady rental income from a well-established tenant adds financial stability and value to this investment. The retail space is positioned to take advantage of the high foot traffic in the area, ensuring continued business success.
Luxury Duplex Apartment
Above the retail space lies a large and spacious 8-room duplex apartment, featuring 4 bedrooms, 3 baths, and 3 terraces. This luxurious residence offers ample living space and modern amenities, making it an ideal home for families seeking comfort and convenience in the heart of Bay Ridge. The terraces provide private outdoor spaces that enhance the living experience, offering views of the vibrant neighborhood and opportunities for relaxation and entertainment.
Investment Potential
Bay Ridge is known for its vibrant community, excellent schools, and convenient transportation options. The neighborhood is a blend of historic charm and modern living, attracting both residents and businesses. Owning a mixed-use property in this area presents a unique opportunity for investors seeking long-term growth and stability. The combination of a reliable commercial tenant and a desirable residential unit ensures diversified income streams and potential appreciation in property value.
Neighborhood Highlights
Bay Ridge offers a variety of attractions and amenities that make it an attractive location for both residents and businesses. From beautiful parks and waterfront views to diverse dining options and cultural events, the neighborhood provides a high quality of life. The property is conveniently located near public transportation, including subway and bus lines, providing easy access to Manhattan and other parts of Brooklyn.
Conclusion
This magnificent mixed-use investment property in the heart of Bay Ridge represents an extraordinary opportunity for discerning investors. Combining a prime retail space with a luxurious duplex apartment, it offers the best of both worlds—financial stability and upscale living. Don't miss your chance to own a piece of one of Brooklyn's most desirable neighborhoods and secure a valuable asset for the future.