$2,024,375
Updated 2 years ago
Sold

8710 3rd Ave

Bay Ridge, Brooklyn | 87th Street & 88th Street

14 Rooms7 Beds5 Baths4,800 Square FeetMixed Use

$2,024,375
floors / apts3 / 5
Lot Size20'x10'
Built Size20'x80'
Building TypeLow-Rise
RE Taxes$14,736
Price Per SF
$422

This property was sold for $2,024,375 on 02/19/25.

Building Amenities

  • Voice Intercom

Property Description for 8710 3rd Ave

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

For income and expense breakdown, please reach out.

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.

All numbers are estimate and will need to be verified


Listing History for 8710 3rd Ave

Now
02/19/2025
$2,024,375
Sold and Closed by Taylor Bos
Douglas Elliman
2025

Building Details for 8710 3rd Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1926
Floors/Apts3/5
Learn More About the Building

Contact Agents

Contact Agents

Taylor Bos
Douglas Elliman
Michael Lorber
Douglas Elliman
Alexander Boriskin
Douglas Elliman

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: 97747TH