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9406 3rd Ave 2,400 SF 67% Leased Retail Building Brooklyn, NY 11209 $2,895,858 CAD ($1,206.61 CAD/SF) 5% Cap Rate
EXECUTIVE SUMMARY
Prime Bay Ridge Investment Opportunity! Introducing this three-story, semi-detached mixed-use building featuring an R6A overlay with C1-3 zoning. The property offers 1 commercial storefront and 3 residential units, plus a full finished basement. The residential layout includes: First Floor (rear): Split-level studio unit with private backyard Second Floor: 3-bedroom, 1-bath unit with a rear terrace Third Floor: 3-bedroom, 1-bath unit Situated in a prime Bay Ridge location, this property offers strong rental income and excellent long-term potential. Conveniently located near everything Bay Ridge has to offer—shopping, dining, transportation, and more. Don’t miss this opportunity to invest in an exceptional mixed-use property in one of Brooklyn’s most sought-after neighborhoods.
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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1925
Price
$2,895,858 CAD
Price Per SF
$1,206.61 CAD
Cap Rate
5%
NOI
$144,793 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.96
Lot Size
0.06 AC
Zoning
R6A/C1-3
Frontage
25’ on 3rd Ave
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06113-0032 | Total Assessment | $360,846 CAD (2025) |
| Land Assessment | $105,402 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $255,444 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06113-0032
Land Assessment
$105,402 CAD (2025)
Improvements Assessment
$255,444 CAD (2025)
Total Assessment
$360,846 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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9406 3rd Ave
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