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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

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    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.
    (516) 487-6300
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    6819 3Rd Ave Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6819 3Rd Ave Brooklyn, NY 11220
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