Mixed-Use Five-Family with
9307 3rd Ave Brooklyn, NY 11209
9307 3rd Ave, Brooklyn, NY, 11209
$2,999,000
For Sale
$2,999,000
MULTI_FAMILY - Brooklyn, NY
Property Size5,040 SF
Lot Size0.04 Acres
Price / SF$595.04
Days on Market97
Property Features for 9307 3rd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5
- Standard status
- Active
- Size
- 5,040 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 29768
Utilities
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1926
- Floors in Building
- 3
- Flooring type
- Tile, Granite, Hardwood
Listing Agency
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
6423 11th AVE, BROOKLYN, NY
Listed by
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Apr 15 Updated: Jul 18 at 2:35 am Checked: Jul 20 at 2:06 pm
MLS# 11692485
Listing URL
Copyright © 2026 My State 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 includes five one-bedroom apartments and a ground-floor commercial store. The building is configured as a five-family with retail space at street level, offering an income-producing residential component alongside an included commercial use.
Located at 9307 3rd Ave in Brooklyn, NY 11209, the property is positioned within Bay Ridge and benefits from neighborhood conveniences. The listing reports a building size of 5,040 square feet on a 0.0448-acre lot.
For buyers evaluating a multi-tenant arrangement with both residential and retail space in a single asset, this configuration provides separate apartment units and an on-site commercial storefront within the same ownership.
Located at 9307 3rd Ave in Brooklyn, NY 11209, the property is positioned within Bay Ridge and benefits from neighborhood conveniences. The listing reports a building size of 5,040 square feet on a 0.0448-acre lot.
For buyers evaluating a multi-tenant arrangement with both residential and retail space in a single asset, this configuration provides separate apartment units and an on-site commercial storefront within the same ownership.
Key Highlights
- Bay Ridge mixed‑use building with five one‑bedroom apartments plus one ground‑floor commercial store
- Heating includes steam and natural gas
- Flooring includes tile, granite, and hardwood
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $391.9k | $77.76 |
| − Vacancy | −$46.6k | −$9.25 |
| EGI | $345.3k | $68.51 |
| − OpEx | −$103.6k | −$20.55 |
| NOI | $241.7k | $47.95 |
5,040 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.03M
NOI $241,691 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,866 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $292,118 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vivid Nail & Spa ...
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five one-bedroom apartments above a ground-floor commercial store at 9307 3rd Ave in Brooklyn.
Where is this apartment building located?
The property is located at 9307 3rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Bay Ridge mixed‑use building with five one‑bedroom apartments plus one ground‑floor commercial store; Heating includes steam and natural gas; Flooring includes tile, granite, and hardwood
