770 3Rd Ave, Brooklyn, NY 11232
This exceptional 24,500-square-foot industrial property at 770 3rd Avenue in Brooklyn, NY, presents a unique investment opportunity. The building, zoned M3-1, features a versatile layout ideal for various uses. The ground floor is suitable for supermarket retail, while a legal lower level provides ample space for food preparation and cold storage. Second-floor offices offer additional functional space. The property boasts convenient features including a loading dock, multiple means of egress, and three billboards, maximizing visibility and accessibility. Located in Sunset Park, this vacant building benefits from excellent transportation links, including proximity to the D, N, R, and W subway lines at the 25th Street station, as well as easy access to the Brooklyn-Queens Expressway and I-278. The vibrant Sunset Park neighborhood offers a diverse community and a bustling commercial district with nearby tenants such as Pet Delight, Advanced Refrigeration Parts Inc., Floor & Decor, and more. The asking price is $5,950,000, translating to $242.86 per square foot. This NNN lease property is ready for immediate occupancy and presents a strong potential for significant return on investment.
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Rossman Fruit & Vegetable District Food Market Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.