6819 3rd Ave Brooklyn, NY 11220
Bay Ridge NeighborhoodEstimated payment $16,782/month
Highlights
- Wood Flooring
- 3-minute walk to Bay Ridge Avenue
- Back Yard
- P.S. 102 The Bayview School Rated A
- Heating System Uses Steam
About This Home
Trophy Mixed-Use Investment 6 Units + Restaurant Prime Bay Ridge INVESTMENT OPPORTUNITY 6 FAMILY AND CHIC RESTAURANT! HIGH-INCOME INVESTMENT OPPORTUNITY IN BAY RIDGE, BROOKLYN. EXTRA-LARGE (27x70 BLDG SIZE-7500 SQFT-27x106 LOT SIZE Zoning: C1-3/R5B) 4 STORY, BRICK 6 FAMILY + STORE/RESTAURANT. FIVE OF THE SIX UNITS ARE FREE MARKET, CIRCA 2004, AND ARE NOT SUBJECT TO RENT STABILIZATION. MAKING IT A LUCRATIVE INVESTMENT OPPORTUNITY FOR THOSE LOOKING FOR STABLE, LONG-TERM RETURNS. OVER $220,000/YEAR RENTAL INCOME. CENTRALLY LOCATED ON BUSY, HIGH-TRAFFIC & BUSTLING 3rd AVENUE, IN THE EPICENTER OF BAY RIDGE. WELL-ESTABLISHED RESTAURANT WITH BEAUTIFUL OUTDOOR DECK TENANT IS IN THE PROCESS OF OBTAINING A LIQUOR LICENSE. TENANT PAYS ALL THEIR OWN UTILITIES + 1/3 BLDG TAXES & 1/2 BLDG WATER BILL. BUILDING OWNER ALSO OWNS ALL RESTAURANT FIXTURES AND THEY ARE INCLUDED IN THE SALE. RESTAURANT SEEKS A LONG LEASE EXTENSION! THIS VERY EFFICIENT & EXTREMELY WELL-MAINTAINED PROPERTY PRACTICALLY RUNS ITSELF. PRIME PIECE OF INVESTMENT REAL ESTATE IN ONE OF BROOKLYN'S MOST DESIRABLE & PREMIER NEIGHBORHOODS, WITH EVEN MORE OUTSTANDING UPSIDE POTENTIAL FOR ITS NEXT SAVVY OWNER. 5.75% Cap at $157,820 NET-With Potential to Surpass 6.0% Once Rents Are Optimized! Owner retiring after 30 successful years. Just collect and count. THE PROPERTY OFFERS EXCEPTIONAL UPSIDE RENTAL POTENTIAL. Of the six residential units, five are currently free-market with no leases in place, allowing a new owner to raise rents to market levels. The layout of each unit-a classic railroad-style two-bedroom with dual hallway entrances and a central living space-makes them ideal for maximizing rental income. Based on current market trends and comparable rentals in Bay Ridge, each free-market unit has potential to command up to $2,700/month, compared to existing averages below $2,000/month. This creates a projected upside of over $41,000/year in additional gross income.
Listing Agent
RE/MAX Real Estate Professionals License #40AP1037712 Listed on: 01/04/2026
Property Details
Property Type
- Other
Est. Annual Taxes
- $33,704
Year Built
- Built in 1931
Lot Details
- 2,829 Sq Ft Lot
- Lot Dimensions are 106 x 26
- Back Yard
- Property is zoned R6B
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Rubber Roof
Interior Spaces
- 7,468 Sq Ft Home
- 4-Story Property
- Wood Flooring
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 5863
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $8,000
- Gross Income $220,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $33,704 | $508,500 | $13,050 | $495,450 |
| 2024 | $33,704 | $635,400 | $13,050 | $622,350 |
| 2023 | $30,621 | $589,500 | $13,050 | $576,450 |
| 2022 | $28,353 | $597,600 | $13,050 | $584,550 |
| 2021 | $26,395 | $550,800 | $13,050 | $537,750 |
| 2020 | $12,976 | $609,300 | $13,050 | $596,250 |
| 2019 | $26,154 | $609,300 | $13,050 | $596,250 |
| 2018 | $24,423 | $192,016 | $3,441 | $188,575 |
| 2017 | $22,673 | $178,260 | $3,671 | $174,589 |
| 2016 | $21,339 | $165,518 | $3,614 | $161,904 |
| 2015 | $13,332 | $165,518 | $3,865 | $161,653 |
| 2014 | $13,332 | $160,541 | $4,142 | $156,399 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/04/2026 01/04/26 | For Sale | $2,675,000 | -- | $358 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $320,000 | -- | |
| Deed | $320,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $224,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 498128
APN: 05863-0002
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