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Property profile & analytics

8602 3Rd Ave Brooklyn, NY 11209

  • Retail residential properties
  • 10,600 SF
  • 0.07 lot acres
Value Estimation
$605,000
Location Intelligence
Property ID
US63-3877790
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$69,266
$93,600
$464,400
$558,000
-
$208,000
$1,032,000
$1,240,000
More about this property
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