Three-Story Mixed-Use
New
For Sale
$1,850,000
8310 3rd Ave, Brooklyn, NY 11209
Renovated in 2004, the three-story building offers approximately 2,925 square feet across a mixed-use configuration.
Property Size2,925 SF
Lot Size0.04 Acres
Price / SF$632.48
Days on Market4
Property Features for 8310 3rd Ave
General Information
Standard status
Active
Size
2,925 SF
Lot size
0.04 Acres
Property subtype
Investment
Zoning
R6B / C2-3
Taxes and HOA fees
Annual Taxes
$10,345
Building Details
Building Size
2,925 SF
Year Built
1905
Year Renovated
2004
Buildings
1
Stories
3
Units
3
Listing Agency:
E REALTY INTERNATIONAL CORP.
(917) 325-7172
Listed By:
Yuexian Zheng
(917) 325-7172
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 6:00AM
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 E REALTY INTERNATIONAL CORP.
Investment Insights
Based on property information with market context.
Located at 8310 3rd Ave in Brooklyn, this three-story mixed-use building contains approximately 2,925 square feet on a 20' x 90' lot. The property was constructed in 1905 and renovated in 2004, with R6B / C2-3 zoning.
The Bay Ridge setting places the building near transportation, shopping, dining, and neighborhood amenities. Walk Score is 96, Transit Score is 91, and Bike Score is 81, reflecting strong access by foot, transit, and bicycle.
The Bay Ridge setting places the building near transportation, shopping, dining, and neighborhood amenities. Walk Score is 96, Transit Score is 91, and Bike Score is 81, reflecting strong access by foot, transit, and bicycle.
Key Highlights
- Approximately 2,925 sq ft in a three‑story mixed‑use building
- 20' x 90' lot
- R6B / C2‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,267
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,805,340
$2.8M
Cap Rate 7%
$2,003,814
$2.0M
Cap Rate 9%
$1,558,522
$1.6M
Market Conditions
NOI Build-Up for 2,925 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$227.4K $77.76/SF
− Vacancy
−$27.1K −$9.25/SF
EGI
$200.4K $68.51/SF
− OpEx
−$60.1K −$20.55/SF
NOI
$140.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,805,340
Cap Rate 7%
$2,003,814
Cap Rate 9%
$1,558,522
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.34M
NOI $140,267 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,178 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,533 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,591
Businesses Nearby
238k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 31%
Groceries 19%
Apparel 7%
Super Foodtown
Groceries
31,460 visits/mo
0.4 miles
BP
Shops & Services
29,878 visits/mo
0.5 miles
Taco Bell
Dining
25,051 visits/mo
0.3 miles
Starbucks
Dining
15,586 visits/mo
0.5 miles
Starbucks
Dining
14,495 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated in 2004, the three-story building offers approximately 2,925 square feet across a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 8310 3rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 2,925 sq ft in a three‑story mixed‑use building; 20' x 90' lot; R6B / C2‑3 zoning
