8622 3rd Ave Brooklyn, NY 11209
Fort Hamilton NeighborhoodEstimated payment $17,096/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $51,315 | $430,200 | $15,300 | $414,900 |
| 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 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
Ask me questions while you tour the home.