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6700 Third Ave

19,100 SF 100% Leased Flex Building Brooklyn, NY 11220 $9,750,000 ($510/SF) 4.41% Cap Rate

Investment Highlights

  • Prime Bay Ridge Investment Opportunity
  • 7,500 Square Foot Vacant Lot
  • 3 Blocks From Bay Ridge Avenue ("R") Subway Station
  • 19,100 Square Feet of Warehouse & Office
  • R5B, R6B, C1-3, BR Zoning
  • Can Be Delivered Vacant | Reach Out to Listing Broker For More Information

Executive Summary

SAB Capital is pleased to present 6700 3rd Avenue, a prime property located in Bay Ridge section of Brooklyn. This versatile building offers a total of 19,100 square feet of office and warehouse space, situated on a 236 ft x 91.92 ft irregular lot. The property is zoned R5B, R6B, C1-3 BR, providing a wide range of potential uses. Conveniently located along the vibrant 3rd Avenue corridor, the building is just three blocks from the Bay Ridge Avenue ("R") subway station, offering excellent connectivity to the rest of Brooklyn and Manhattan.

Property Facts

Price $9,750,000
Price Per SF $510
Sale Type Investment
Cap Rate 4.41%
Property Type Flex
Building Class C
Lot Size 0.54 AC
Rentable Building Area 19,100 SF
No. Stories 2
Year Built 1962
Opportunity Zone Yes
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (94)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05849-0037
Land Assessment
$315,000
Improvements Assessment
$1,011,600
Total Assessment
$1,326,600

zoning

Zoning Code C1-3, R5B, R6B, BR (The property has a mixed zoning of R5-B, R6-B with a C1-3 commercial overlay and is also located in the Bay Ridge Special District (BR).)
C1-3, R5B, R6B, BR (The property has a mixed zoning of R5-B, R6-B with a C1-3 commercial overlay and is also located in the Bay Ridge Special District (BR).)
  • Listing ID: 34275299

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 6700 Third Ave, Brooklyn, NY 11220

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