8602 3Rd Ave Brooklyn, NY 11209
- Retail residential properties
- 10,600 SF
- 0.07 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 8602 3Rd Ave
- Year built
- 1923
- Lot size
- 0.07 lot acres
- Property size
- 10,600 SF
- Zone code
- R6B
- Property type
- Retail residential properties
- APN
- 06043-0038
- APU
- 60430038
Description
This exceptional 1,500 square foot retail space is ideally situated in the vibrant Bay Ridge neighborhood of Brooklyn, New York, at the corner of 86th Avenue and 3rd Avenue. Currently entirely vacant, this multi-purpose property presents a unique opportunity for a wide range of businesses. The building's total square footage is 1,500 square feet, offering ample space for a variety of configurations to suit diverse operational needs. Its prime location makes it highly visible and easily accessible to a large customer base. The property is located in Kings County, New York, with a zip code of 11209. Its strategic corner location ensures high visibility and foot traffic, making it an attractive proposition for national tenants and professional services. The space is adaptable and suitable for a variety of uses, offering significant potential for growth and success. This is a rare opportunity to secure a prominent retail space in a thriving Brooklyn community. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional location offers. The property's address is 8602 3rd Avenue, Brooklyn, NY 11209.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $655,000
- 7%
- $780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $775,000
- Mixed-Use
- $555,000
- Hospitality
- $605,000
- Educational
- $700,000
- Residential Income
- $605,000
- Energy
- $615,000
- Income-Based Land
- $770,000
- Food Service
- $550,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0314
- Latitude
- 40.6234
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA