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7123 3rd Ave 12 Unit Apartment Building $2,787,347 CAD ($232,279 CAD/Unit) 5.25% Cap Rate Brooklyn, NY 11209
Executive Summary
7123 Third Avenue is located along Bay Ridge’s established retail corridor, offering strong visibility, steady foot traffic, and long-term investment stability.
Surrounded by dense residentialneighborhoods and limited new supply, the property benefits from consistent local consumer demand.
The asset offers stable in-place income with long-term appreciation potential in one of Brooklyn’s tightly held retail markets.
Surrounded by dense residentialneighborhoods and limited new supply, the property benefits from consistent local consumer demand.
The asset offers stable in-place income with long-term appreciation potential in one of Brooklyn’s tightly held retail markets.
Property Facts
| Price | $2,787,347 CAD | Property Subtype | Apartment |
| Price Per Unit | $232,279 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.25% | Building Size | 16,472 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | R6B | ||
| Price | $2,787,347 CAD |
| Price Per Unit | $232,279 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 16,472 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R6B |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05891-11021D | Improvements Assessment | $1,410,145 CAD |
| Land Assessment | $137,979 CAD | Total Assessment | $1,548,124 CAD |
Property Taxes
Parcel Number
05891-11021D
Land Assessment
$137,979 CAD
Improvements Assessment
$1,410,145 CAD
Total Assessment
$1,548,124 CAD
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7123 3rd Ave
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