8602 3Rd AveBrooklyn, NY 11209

Property Details for 8602 3Rd Ave

Year built

1923

Lot size

0.07 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,173,096

  6.5%

  $2,005,935

  7%

  $1,862,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,146,744

  Geo Method

  $2,146,744

• Alternative Use

  Use

  Valuation

  Residential

  $2,005,935

  Hospitality

  $1,837,425

  Educational

  $1,528,716

  Medical

  $1,581,291

  Retail

  $2,378,003

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6234

Longitude

-74.0314

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].