7516 3rd Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11209
$1,795,000 USD
917-301-8241
7516 3rd Ave, Brooklyn, NY for Sale
$1,795,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 4.98% Cap Rate

7516 3rd Ave
Brooklyn, NY 11209


HIGHLIGHTS

  • Heavy foot traffic
  • Updated & Renovated

OVERVIEW

PRIME LOCATION! NEWLY LISTED MIXED USE BUILDING ON 3RD AVENUE IN BAY RIDGE! Featuring 2 Apartments + 1 Store. The retail store is approximately 1500 SF, recently renovated with high ceilings, exposed brick wall, recessed lights, showroom, 2 private offices and conference room. The basement is full sized finished.  The tenant has a lease in place until 2028. The first floor apartment is 2 bedrooms and 1 full bath, including a newly renovated open concept kitchen overlooking the living/dining room, tiled bath with shower, and two bedrooms, each with closets. The second floor is a 3 bedroom 1 full bath apartment, including a renovated eat-in kitchen, tiled bath, and 3 bedroom all with closets. Both apartments have high ceilings, NEST controlled heat, new electric service and new plumbing. The building has a newer roof (8 years old), new water tank, & security system. Located right on 3rd avenue in a high volume foot traffic area, 2 Blocks to the R-train and close to all the amenities in the neighborhood including half a block to Starbucks, Citibank, & the Supermarket. LEASES: Store has lease until December 2025 - paying $4,350/mo. Apartment 1 has Lease until 8/25 and paying $2,100/month. Apartment 2 has Lease until 8/25 and is paying $2,200/month.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

4.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,442 SF

ZONING

R6B

APN/PARCEL ID

05939-0044

ASK ABOUT THIS PROPERTY

Wade JabourJabour Realty CoMore Info
917-301-8241

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Wade JabourJabour Realty CoMore Info
917-301-8241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.