Mixed-Use Building with
For Sale
$2,999,000
9307 3rd Ave, Brooklyn, NY 11209
Residential Income, Brooklyn, NY
Property Size5,040 SF
Lot Size0.04 Acres
Price / SF$595.04
Days on Market175
Property Features for 9307 3rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed Use
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 1
Subdivision
Bay Ridge
View
City
Standard status
Active
Size
5,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
29768
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1926
Floors in Building
3
Flooring type
Granite, Tile, Hardwood
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Added: Apr 15
Changed: Sep 17
Last Checked: Oct 6 at 12:06AM
MLS# 11692485
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,040-square-foot mixed-use property combines five residential apartments with a commercial store at street level. The building dates to 1926 and includes hardwood, granite, and tile finishes, along with natural gas and steam heating. The residential component is described as free-market, while the retail space provides a separate commercial component within the same building.
Located at 9307 3rd Ave in Brooklyn’s Bay Ridge area, the property is positioned near transportation, shopping, dining, and neighborhood services. Its compact 0.0448-acre parcel supports a vertically integrated residential and commercial layout suited to an owner seeking both apartment and storefront components.
Located at 9307 3rd Ave in Brooklyn’s Bay Ridge area, the property is positioned near transportation, shopping, dining, and neighborhood services. Its compact 0.0448-acre parcel supports a vertically integrated residential and commercial layout suited to an owner seeking both apartment and storefront components.
Key Highlights
- 5,040‑square‑foot mixed‑use building on a 0.0448‑acre parcel
- Five residential apartments plus one commercial store
- Ground‑floor retail component at 9307 3rd Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,691
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,833,820
$4.8M
Cap Rate 7%
$3,452,729
$3.5M
Cap Rate 9%
$2,685,456
$2.7M
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$391.9K $77.76/SF
− Vacancy
−$46.6K −$9.25/SF
EGI
$345.3K $68.51/SF
− OpEx
−$103.6K −$20.55/SF
NOI
$241.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,833,820
Cap Rate 7%
$3,452,729
Cap Rate 9%
$2,685,456
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.03M
NOI $241,691 @ 7.0% cap · market cap 8.06%
Second Best
Mixed Use
$2.61M
$2.29M – $3.05M
NOI $182,952 @ 7.0% cap · market cap 6.10%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $292,118 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five residential apartments above a ground-floor commercial space create a combined residential and retail property.
Where is this mixed-use property located?
The property is located at 9307 3rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 5,040‑square‑foot mixed‑use building on a 0.0448‑acre parcel; Five residential apartments plus one commercial store; Ground‑floor retail component at 9307 3rd Ave
