Mixed-Use Building with
7001 3rd Avenue, Brooklyn, NY 11209
For Sale
$3,100,000
Three above-grade floors and a full basement include residential layouts on the upper stories.
Property Size4,840 SF
Lot Size0.09 Acres
Price / SF$640.50
Days on Market84
Property Features for 7001 3rd Avenue
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Public Transit
Multifamily Units
Amenities
Hardwood,Tile
Gas
Other
3
4840
Cellar,Full
Doors - 10 ft and under
Back,Front,Side
Brick
4032
Block
36
112
Yes
Building Details
Stories
Listing Agency:
RE/MAX Edge
Listed By:
Michelle J. Zhang · License NY MZ4172
(646) 937-2188
Source:
Suitsre
Added: Aug 19
Changed: Nov 10
Last Checked: Nov 10 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
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Investment Insights
Based on property information with market context.
This mixed-use property has three above-grade stories and a full basement. A pizzeria occupies the ground-floor commercial space, while the second and third floors each contain a residential layout of approximately 1,300 square feet. The site measures approximately 36 by 112 feet, with a building footprint of approximately 20 by 112 feet and additional side area measuring approximately 16 by 112 feet.
The property is on 3rd Avenue in Bay Ridge, near neighborhood shopping and dining, educational options, and the R train.
The property is on 3rd Avenue in Bay Ridge, near neighborhood shopping and dining, educational options, and the R train.
Key Highlights
- Ground‑floor commercial space is occupied by a pizzeria
- Residential layouts of approximately 1,300 square feet on both the second and third floors
- Three above‑grade stories plus a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,526
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,610,520
$5.6M
Cap Rate 7%
$4,007,514
$4.0M
Cap Rate 9%
$3,116,956
$3.1M
Market Conditions
NOI Build-Up for 4,840 SF
Gross rent
$406.6K $84.00/SF
− Vacancy
−$32.5K −$6.72/SF
EGI
$374.0K $77.28/SF
− OpEx
−$93.5K −$19.32/SF
NOI
$280.5K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,610,520
Cap Rate 7%
$4,007,514
Cap Rate 9%
$3,116,956
Alternative Uses
Best Use
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,526 @ 7.0% cap · market cap 9.05%
Second Best
Mixed Use
$2.51M
$2.20M – $2.93M
NOI $175,692 @ 7.0% cap · market cap 5.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 20%
Dining 19%
Home Improvements & Furnishings 1%
BP
Shops & Services
17,603 visits/mo
0.3 miles
7-Eleven
Shops & Services
17,278 visits/mo
0.3 miles
SuperFresh
Groceries
16,616 visits/mo
0.1 miles
Starbucks
Dining
15,586 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,325 visits/mo
0.4 miles
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
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three above-grade floors and a full basement include residential layouts on the upper stories.
Where is this mixed-use property located?
The property is located at 7001 3rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Ground‑floor commercial space is occupied by a pizzeria; Residential layouts of approximately 1,300 square feet on both the second and third floors; Three above‑grade stories plus a full basement
