8622 3rd Ave Brooklyn, NY 11209
Fort Hamilton NeighborhoodEstimated payment $16,708/month
Highlights
- Wood Flooring
- 4-minute walk to 86 Street (R Line)
- Heating System Uses Steam
- P.S. 185 Walter Kassenbrock Rated A
- Multiple cooling system units
About This Home
Located in the heart of Bay Ridge, Brooklyn, offers a rare opportunity to own a well-maintained mixed-use brick building full of character and income potential. Built in 1926, this four-story property features a total of seven units—six residential apartments and one commercial retail space—spanning approximately 5,280 square feet on a 20 × 80-foot lot. The ground floor is anchored by a spacious retail storefront, ideal for a stable commercial tenant and consistent rental income. The upper floors are home to six residential units, each featuring classic layouts, hardwood floors, and great natural light. A finished basement with a separate entrance adds flexible space for storage or potential amenity expansion. Situated just minutes from the R train at 86th Street and several bus lines, the building is perfectly positioned in one of Brooklyn’s most warm and family-friendly neighborhoods. Residents enjoy close proximity to local favorites like The Kettle Black, boutique shopping, parks, and highly rated schools such as P.S. 185. The block itself is a bustling corridor with strong foot traffic and a tight-knit community feel. From an investment standpoint, the property offers diversified cash flow thanks to its mixed-use structure. This property is being offered at a competitive price for a motivated investor. For more information, including current rent roll and operating expenses, or to schedule a private tour, please get in touch today. Don’t miss your chance to own a piece of Bay Ridge with both charm and steady returns. Building has gone through a large Local Law Renovation recently!
Property Details
Property Type
- Other
Est. Annual Taxes
- $49,732
Year Built
- Built in 1926
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Property is zoned R6B
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Masonry
Interior Spaces
- 5,280 Sq Ft Home
- 4-Story Property
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 6043
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $8,921
- Insurance Expense $11,158
- Utility Expense $1,095
- Gross Income $219,009
- Net Operating Income $136,934
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 | $49,732 | $447,300 | $15,300 | $432,000 |
| 2024 | $49,732 | $558,900 | $15,300 | $543,600 |
| 2023 | $45,183 | $518,850 | $15,300 | $503,550 |
| 2022 | $41,727 | $648,450 | $15,300 | $633,150 |
| 2021 | $38,737 | $762,750 | $15,300 | $747,450 |
| 2020 | $19,369 | $617,220 | $15,300 | $601,920 |
| 2019 | $37,292 | $617,220 | $15,300 | $601,920 |
| 2018 | $36,036 | $283,328 | $8,428 | $274,900 |
| 2017 | $33,367 | $262,341 | $8,964 | $253,377 |
| 2016 | $31,316 | $242,910 | $8,795 | $234,115 |
| 2015 | $20,331 | $242,910 | $9,406 | $233,504 |
| 2014 | $20,331 | $235,379 | $10,066 | $225,313 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | Pending | -- | -- | -- |
| 07/24/2025 07/24/25 | For Sale | $2,398,000 | -- | $454 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 494428
APN: 06043-0047
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