8710 3rd Ave
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8710 3rd Ave
5 Unit Apartment Building $2,499,000 ($499,800/Unit) 5.03% Cap Rate Brooklyn, NY 11209
Investment Highlights
- This well-maintained property offers a steady income stream and multiple value-add opportunity.
Executive Summary
Priced to sell at a 5.02% Cap rate!
8710 3rd Ave is a prime Bay Ridge, 6-unit multifamily townhouse, comprised of 5 residential units and 1 commercial unit across 4800 square feet. All units are free market and fully leased. Located just one block from the 86th Street Station. This well-maintained property offers a steady income stream and multiple value-add opportunities.
Unit Breakdown:
1 X Commercial space
3 X 1 Bedroom & 1 Bathroom
2 X 2 Bedroom & 1 Bathroom
Building Information:
Lot Size 20 X 100
Building Size 20 X 80
Total interior square foot 4800
Upgrades: Hot water heaters and boiler
Value-Add Opportunities:
Laundry Facility: Basement hook-up already in place for adding laundry services.
Storage Cages: Potential to add storage cages in the basement for extra income.
Roof Improvement: Opportunity to finish the roof and possibly create additional usable space.
For income and expense breakdown, please reach out.
All numbers and floorplans are estimates and will need to be verified.
8710 3rd Ave is a prime Bay Ridge, 6-unit multifamily townhouse, comprised of 5 residential units and 1 commercial unit across 4800 square feet. All units are free market and fully leased. Located just one block from the 86th Street Station. This well-maintained property offers a steady income stream and multiple value-add opportunities.
Unit Breakdown:
1 X Commercial space
3 X 1 Bedroom & 1 Bathroom
2 X 2 Bedroom & 1 Bathroom
Building Information:
Lot Size 20 X 100
Building Size 20 X 80
Total interior square foot 4800
Upgrades: Hot water heaters and boiler
Value-Add Opportunities:
Laundry Facility: Basement hook-up already in place for adding laundry services.
Storage Cages: Potential to add storage cages in the basement for extra income.
Roof Improvement: Opportunity to finish the roof and possibly create additional usable space.
For income and expense breakdown, please reach out.
All numbers and floorplans are estimates and will need to be verified.
Data Room Click Here to Access
Property Facts Under Contract
| Price | $2,499,000 | Apartment Style | Mid Rise |
| Price Per Unit | $499,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.03% | Building Size | 4,800 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | $2,499,000 |
| Price Per Unit | $499,800 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,800 SF |
| No. Stories | 3 |
| Year Built | 1926 |
Unit Amenities
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
PROPERTY TAXES
| Parcel Number | 06048-0034 | Improvements Assessment | $453,600 |
| Land Assessment | $13,050 | Total Assessment | $466,650 |
PROPERTY TAXES
Parcel Number
06048-0034
Land Assessment
$13,050
Improvements Assessment
$453,600
Total Assessment
$466,650
zoning
| Zoning Code | R6B (Medium Density Residential District) |
| R6B (Medium Density Residential District) |
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8710 3rd Ave
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