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Retail Storefront Property
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7123 3rd Avenue, Brooklyn, NY 11209

For sale retail storefront property in Bay Ridge’s established retail corridor, surrounded by dense residential neighborhoods.

Property Size16,472 SF
Price / SF$122.64
Days on Market66

Property Features for 7123 3rd Avenue

General Information

Standard status Active
Size 16,472 SF
Property subtype Retail

Building Details

Year Built 1910
Listing Agency: Sothebys International Realty
Listed By: Michelle han · License #NJ
Source: Crexi
Added: May 29 Changed: Jul 10 Last Checked: Aug 1 at 9:37AM

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 Sothebys International Realty

Investment Insights

Based on property information with market context.

7123 3rd Avenue is a for-sale retail storefront property in Bay Ridge. The asset is positioned to serve day-to-day neighborhood shopping needs along an established retail corridor.

Situated in a dense residential area, the property benefits from an immediate local customer base. The location is described as part of a tightly held retail market with limited new retail supply.

For investors and owner-operators, the property offers a retail-focused asset configuration with the practical advantage of being placed within a neighborhood-serving shopping environment. Prospective buyers can review the existing retail income profile and consider the property for continued ownership in a Brooklyn retail corridor.

Key Highlights

  • Retail storefront property in Bay Ridge’s established retail corridor
  • Year built: 1910
  • Located along an established retail corridor with steady foot traffic

Property Analytics

Current Use

Citizens Bank Citizens ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hotel & Motel Gym & Fitness Center Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,410
Businesses Nearby
141k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 58% Groceries 21% Dining 20% Home Improvements & Furnishings 1%
BP Shops & Services
17,603 visits/mo 0.5 miles
7-Eleven Shops & Services
17,278 visits/mo 0.5 miles
SuperFresh Groceries
16,616 visits/mo 0.2 miles
Starbucks Dining
15,586 visits/mo 0.1 miles
Chase Bank Shops & Services
13,325 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - For sale retail storefront property in Bay Ridge’s established retail corridor, surrounded by dense residential neighborhoods.
Where is this retail space located?
The property is located at 7123 3rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,020,124.
What are key features of this property?
This property features: Retail storefront property in Bay Ridge’s established retail corridor; Year built: 1910; Located along an established retail corridor with steady foot traffic
More about this property
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