Three-Story Mixed-Use
For Sale
$1,850,000
8310 3rd Avenue, Brooklyn, NY 11209
The property occupies a 20-by-90-foot lot in Brooklyn’s Bay Ridge neighborhood.
Property Size2,925 SF
Price / SF$632.48
Days on Market131
Property Features for 8310 3rd Avenue
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Commercial
Zoning
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
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Croninreale
Added: Jun 18
Changed: Oct 25
Last Checked: Oct 23 at 4:44PM
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
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Investment Insights
Based on property information with market context.
This three-story mixed-use property contains approximately 2,925 square feet on a 20' x 90' lot. The building dates to 1905 and was renovated in 2004.
At 8310 3rd Avenue in Brooklyn’s Bay Ridge neighborhood, the property is near transportation, shopping, dining, and neighborhood amenities.
At 8310 3rd Avenue in Brooklyn’s Bay Ridge neighborhood, the property is near transportation, shopping, dining, and neighborhood amenities.
Key Highlights
- Approximately 2,925 square feet of building area
- 20' x 90' lot
- Three‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,178
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,560
$2.1M
Cap Rate 7%
$1,516,829
$1.5M
Cap Rate 9%
$1,179,756
$1.2M
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$193.1K $66.00/SF
− Vacancy
−$23.2K −$7.92/SF
EGI
$169.9K $58.08/SF
− OpEx
−$63.7K −$21.78/SF
NOI
$106.2K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,560
Cap Rate 7%
$1,516,829
Cap Rate 9%
$1,179,756
Alternative Uses
Best Use
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,178 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,776
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property occupies a 20-by-90-foot lot in Brooklyn’s Bay Ridge neighborhood.
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 square feet of building area; 20' x 90' lot; Three‑story building
