9711 3rd Ave
10,650 SF 100% Leased Office Building Brooklyn, NY 11209 $3,699,999 ($347/SF) 6.70% Cap Rate
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INVESTMENT HIGHLIGHTS
- Close Proximity to the R Train
- 51 Ft Frontage on 3rd Avenue
- Many Neighborhood tenants in the area
EXECUTIVE SUMMARY
This property is located in the Bay Ridge neighborhood of Brooklyn, New York between 3rd Ave and 97th Street. It is close to many neighborhood tenants such as Foodtown, Rite Aid, Chase, UPS, Dunkin' Donuts, Staples, Harbor Fitness, and NYU Hospital. This building is Fully Built Out as a Medical Office with elevator access. It is in a High Traffic Area with major frontage/branding opportunities. It is conveniently located near the R subway station.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,650 SF
Building Class
B
Year Built/Renovated
1932/2000
Price
$3,699,999
Price Per SF
$347
Cap Rate
6.70%
NOI
$247,900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,600 SF
Building FAR
2.07
Lot Size
0.12 AC
Zoning
R6A
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
Parcel Number | 06126-0007 | Improvements Assessment | $980,550 |
Land Assessment | $184,500 | Total Assessment | $1,165,050 |