$2,200,000
Updated 5 years ago
Off Market

6816 3rd Ave

Bay Ridge, Brooklyn | 68th Street & Bay Ridge Ave

16 Rooms4 Beds5 Baths3,950 Square FeetMixed Use

$2,200,000
floors / apts3 / 4
Lot Size20'x93'
Built Size20'x93'
ZoneR6B
Building TypeLow-Rise
RE Taxes$9,814
Price Per SF
$557

Property Description for 6816 3rd Ave

Bay Ridge District Mixed-use One store Plus 4 Legal Apartments. Building 3950 Sq. Ft. Lot 20x94, R6B zoning, C1-3, FAR 2 times, Rental income Store $6000 / Apts. $1400, $1500, $1550, $1250. Low property tax $8798/year, Water $3000/year, heating $5000/year, insurance $2300/year, electricity $350. Annual net income $120,952, CAP Rate 5.5%. Subway station across the street servicing the R line. Busy location, crowded, nearby school Ps102, park, BQE, minutes to Manhattan. Move in condition..

Building Details for 6816 3rd Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.17 miles
77 St
0.45 miles

Citi Bike

Ovington Ave & 3 Ave
0.1 miles
3 Ave & Wakeman Pl
0.15 miles

Contact Agent

Contact Agent

Michelle Zhang
RE/MAX Real Estate Professionals

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 81873TH