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8612 3rd Ave 3,588 SF 100% Leased Retail Building Brooklyn, NY 11209 $3,071,024 CAD ($855.92 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 3rd Avenue high traffic location
- Near Everthing
- Great visibility
EXECUTIVE SUMMARY
Magnificent Mixed-Use Investment Property in the Heart of Bay Ridge
A Unique Opportunity in a Prime Location
Nestled in one of Brooklyn's most sought-after neighborhoods, this stunning mixed-use property stands as a testament to both luxury and strategic investment. Imagine owning a piece of Bay Ridge, where bustling city life meets serene residential comfort.
Prime Retail Space
This property offers a retail space leased by the renowned Carvel Ice Cream chain, boasting approximately 1400 square feet of workable retail area. The steady rental income from a well-established tenant adds financial stability and value to this investment. The retail space is positioned to take advantage of the high foot traffic in the area, ensuring continued business success.
Luxury Duplex Apartment
Above the retail space lies a large and spacious 8-room duplex apartment, featuring 4 bedrooms, 3 baths, and 3 terraces. This luxurious residence offers ample living space and modern amenities, making it an ideal home for families seeking comfort and convenience in the heart of Bay Ridge. The terraces provide private outdoor spaces that enhance the living experience, offering views of the vibrant neighborhood and opportunities for relaxation and entertainment.
Investment Potential
Bay Ridge is known for its vibrant community, excellent schools, and convenient transportation options. The neighborhood is a blend of historic charm and modern living, attracting both residents and businesses. Owning a mixed-use property in this area presents a unique opportunity for investors seeking long-term growth and stability. The combination of a reliable commercial tenant and a desirable residential unit ensures diversified income streams and potential appreciation in property value.
Neighborhood Highlights
Bay Ridge offers a variety of attractions and amenities that make it an attractive location for both residents and businesses. From beautiful parks and waterfront views to diverse dining options and cultural events, the neighborhood provides a high quality of life. The property is conveniently located near public transportation, including subway and bus lines, providing easy access to Manhattan and other parts of Brooklyn.
Conclusion
This magnificent mixed-use investment property in the heart of Bay Ridge represents an extraordinary opportunity for discerning investors. Combining a prime retail space with a luxurious duplex apartment, it offers the best of both worlds—financial stability and upscale living. Don't miss your chance to own a piece of one of Brooklyn's most desirable neighborhoods and secure a valuable asset for the future.
A Unique Opportunity in a Prime Location
Nestled in one of Brooklyn's most sought-after neighborhoods, this stunning mixed-use property stands as a testament to both luxury and strategic investment. Imagine owning a piece of Bay Ridge, where bustling city life meets serene residential comfort.
Prime Retail Space
This property offers a retail space leased by the renowned Carvel Ice Cream chain, boasting approximately 1400 square feet of workable retail area. The steady rental income from a well-established tenant adds financial stability and value to this investment. The retail space is positioned to take advantage of the high foot traffic in the area, ensuring continued business success.
Luxury Duplex Apartment
Above the retail space lies a large and spacious 8-room duplex apartment, featuring 4 bedrooms, 3 baths, and 3 terraces. This luxurious residence offers ample living space and modern amenities, making it an ideal home for families seeking comfort and convenience in the heart of Bay Ridge. The terraces provide private outdoor spaces that enhance the living experience, offering views of the vibrant neighborhood and opportunities for relaxation and entertainment.
Investment Potential
Bay Ridge is known for its vibrant community, excellent schools, and convenient transportation options. The neighborhood is a blend of historic charm and modern living, attracting both residents and businesses. Owning a mixed-use property in this area presents a unique opportunity for investors seeking long-term growth and stability. The combination of a reliable commercial tenant and a desirable residential unit ensures diversified income streams and potential appreciation in property value.
Neighborhood Highlights
Bay Ridge offers a variety of attractions and amenities that make it an attractive location for both residents and businesses. From beautiful parks and waterfront views to diverse dining options and cultural events, the neighborhood provides a high quality of life. The property is conveniently located near public transportation, including subway and bus lines, providing easy access to Manhattan and other parts of Brooklyn.
Conclusion
This magnificent mixed-use investment property in the heart of Bay Ridge represents an extraordinary opportunity for discerning investors. Combining a prime retail space with a luxurious duplex apartment, it offers the best of both worlds—financial stability and upscale living. Don't miss your chance to own a piece of one of Brooklyn's most desirable neighborhoods and secure a valuable asset for the future.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,588 SF
Building Class
C
Year Built
1925
Price
$3,071,024 CAD
Price Per SF
$855.92 CAD
Cap Rate
5%
NOI
$153,551 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.06
Lot Size
0.04 AC
Zoning
R6B - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx.
Frontage
39’ on 3rd Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Manufacturing
- -
-
$9.99
-
Jan 0000
It all started with a father, a son and a mission to create the world’s greatest cinnamon roll from scratch. Add in one master baker, months of trial and error, hundreds of different recipes and— BOOM!—they got the sweet, cinnamon-spiced perfection that soon became the calling card of Cinnabon®. Devoured by thousands of eager, waiting guests, the original Cinnabon® cinnamon roll became an instant obsession. To this day, the Cinnabon experience continues to grow to delicious new heights. Not only are there now locations throughout the nation and in countries worldwide, but the menu has also expanded to offer exciting, new ways for guests to enjoy the irresistible pleasure that only Cinnabon can provide. Cinnabon® is now one of the world’s most-recognized and sought-after brands. Customers can find it where they shop, travel, dine and play.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Manufacturing | - | $9.99 | Jan 0000 |
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06043-0042 | Improvements Assessment | $142,414 CAD (2025) |
| Land Assessment | $31,451 CAD (2025) | Total Assessment | $173,865 CAD (2025) |
PROPERTY TAXES
Parcel Number
06043-0042
Land Assessment
$31,451 CAD (2025)
Improvements Assessment
$142,414 CAD (2025)
Total Assessment
$173,865 CAD (2025)
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8612 3rd Ave
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