Three-Story Mixed-Use
New
For Sale
$1,850,000
8310 3rd Avenue, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property Size2,925 SF
Lot Size0.04 Acres
Price / SF$632.48
Days on Market7
Property Features for 8310 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Elementary school
Ps 185 Walter Kassenbrock
Middle school
Jhs 259 William Mckinley
High school
Fort Hamilton High School
Elementary school district
Brooklyn 20
Middle school district
Brooklyn 20
High school district
Brooklyn 20
Standard status
Active
APN
06016-0041
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10345
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1905
Number of units
3
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: Aug 5
Last Checked: Aug 11 at 7:06PM
MLS# 1035022
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This mixed-use property at 8310 3rd Avenue in Brooklyn occupies a three-story building with approximately 2,925 square feet of space. The structure sits on a 20' x 90' lot and carries R6B / C2-3 zoning, supporting its mixed-use classification. Originally built in 1905, the building was renovated in 2004.
The property is served by public water and public sewer, with natural gas heating. Its Bay Ridge location places the asset near transportation, shopping, dining, and neighborhood amenities. The offering is presented for sale as a mixed-use property in Brooklyn’s 11209 ZIP code.
The property is served by public water and public sewer, with natural gas heating. Its Bay Ridge location places the asset near transportation, shopping, dining, and neighborhood amenities. The offering is presented for sale as a mixed-use property in Brooklyn’s 11209 ZIP code.
Key Highlights
- Approximately 2,925 SF across a three‑story mixed‑use building
- 20' x 90' lot at 8310 3rd Avenue, Brooklyn, NY 11209
- 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
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
Market
Vacancy Rate% for Multifamily 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 with R6B / C2-3 zoning and public utilities.
Where is this mixed-use property located?
The property is located at 8310 3rd Avenue 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 SF across a three‑story mixed‑use building; 20' x 90' lot at 8310 3rd Avenue, Brooklyn, NY 11209; R6B / C2‑3 zoning
