6819 3rd Ave Brooklyn, NY 11220
Bay Ridge NeighborhoodEstimated payment $16,555/month
Highlights
- City View
- 3-minute walk to Bay Ridge Avenue
- Wood Flooring
- P.S. 102 The Bayview School Rated A
- Property is near public transit and bus stop
- 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,704
Year Built
- Built in 1931
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,468 Sq Ft Home
- 4-Story Property
- Wood Flooring
- City Views
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
Additional Features
- 2,829 Sq Ft Lot
- Property is near public transit and bus stop
Community Details
- Bay Ridge Community
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 |
|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $2,575,000 | 0.0% | $345 / Sq Ft |
| 04/05/2026 04/05/26 | Off Market | $2,575,000 | -- | -- |
| 03/21/2026 03/21/26 | For Rent | $2,200 | 0.0% | -- |
| 01/29/2026 01/29/26 | Price Changed | $2,575,000 | -3.7% | $345 / Sq Ft |
| 01/03/2026 01/03/26 | 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: NY State MLS
MLS Number: 11626333
APN: 05863-0002
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Ask me questions while you tour the home.