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9406 3rd Ave 2,400 SF 100% Leased Retail Building Brooklyn, NY 11209 $2,100,000 ($875/SF) 5.76% Cap Rate
Executive Summary
Prime Bay Ridge Investment Opportunity! Introducing this three-story, semi-detached mixed-use building featuring an R6A overlay with C1-3 zoning. The property offers 1 commercial storefront and 3 residential units, plus a full basement. The residential layout includes: First Floor (rear): Split-level studio unit with private backyard Second Floor: 3-bedroom, 1-bath unit with a rear terrace Third Floor: 3-bedroom, 1-bath unit Situated in a prime Bay Ridge location, this property offers strong rental income and excellent long-term potential. Conveniently located near everything Bay Ridge has to offer—shopping, dining, transportation, and more. Don’t miss this opportunity to invest in an exceptional mixed-use property in one of Brooklyn’s most sought-after neighborhoods. 2 units will be vacant at closing
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 or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1925
Price
$2,100,000
Price Per SF
$875
Cap Rate
5.76%
NOI
$121,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.96
Lot Size
0.06 AC
Zoning
R6A/C1-3
Frontage
25’ on 3rd Ave
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06113-0032 | Total Assessment | $261,900 (2025) |
| Land Assessment | $76,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $185,400 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
06113-0032
Land Assessment
$76,500 (2025)
Improvements Assessment
$185,400 (2025)
Total Assessment
$261,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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