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6819 3Rd Ave Brooklyn, NY 11220

For Sale
$2,995,000

Multi Family - Brooklyn, NY

Type:Single Family Attached
Property size:
7,468 SF
Lot size:
0.06 Acres
Days on Market:
83
Last Refresh:
Dec 6 at 4:06 am

Property Features for 6819 3Rd Ave

General Information

Property type
Commercial Sale
Property subtype
Single Family Attached
Standard status
Active
Rooms
Basement
APN
05863-0002
Basement Y/N
1
Size
7,468 SF
Lot size
0.06 Acres

Utilities

Heating system
Natural Gas
Cooling system
Varies by Unit

Building Details

Year built
1931
Number of units
7
Building materials
Brick
Architectural style
Other

magic of great neck realty inc (516) 428-4843 [email protected]

Listing agent Vitaly Isaacs (516) 487-6300 License #10401300688

Listing date Sep 15, 2025

MLS# 913288 Listing URL

Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Brooklyn Mixed-Use Investment Opportunity

Located in Bay Ridge, Brooklyn, this mixed-use property features six residential units and a restaurant. The four-story brick building has a size of 27x70 feet on a 27x106 foot lot, and is located in a C1-3/R5B zoning district. Constructed around 2004, five of the six apartments are free market units and not subject to rent stabilization. The restaurant has a well-established presence and includes a deck. The building owner also owns all restaurant fixtures, which are included in the sale. The restaurant tenant is in the process of obtaining a liquor license and pays all their own utilities, plus 1/3 of the building taxes and 1/2 of the building water bill. The property is situated on a high-traffic section of 3rd Avenue. The building is undergoing professional lead encapsulation in compliance with NYC lead law. The property offers rental upside potential, as five of the six residential units are currently free-market with no leases in place, allowing a new owner to raise rents to market levels. The layout of each unit, a classic railroad-style two-bedroom with dual hallway entrances and a central living space, makes them ideal for maximizing rental income.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Brooklyn Production Studio Video Production Service Saravá - The Modern Bistro Brazilian Restaurant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-74.025647
Latitude
40.635801

FAQs

What type of property is this?
Mixed-use property - Six apartments and a restaurant in prime Bay Ridge location.
Where is this mixed-use property located?
The property is located at 6819 3Rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: - High-income investment opportunity with over $210,000/year rental income and a 5.25% cap rate at $157,820 net, with potential to surpass 6.0% by optimizing rents.; - Five of the six residential units are free market, offering significant upside rental potential.; - Well-established restaurant tenant with outdoor deck, seeking a long lease extension, and pays all their own utilities plus a portion of building taxes and water bill.
More about this property
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