275 87th St - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$2,398,000 USD
718-748-1800
275 87th St, Brooklyn, NY for Sale
$2,398,000 USD
Apartments - FOR SALE
1/1
null | 5.71% Cap Rate

275 87th St
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Corner Building
  • Established Commercial Tenant

OVERVIEW

Located in the heart of Bay Ridge, Brooklyn, 8622 3rd Avenue 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 walkable 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.

FOR SALE DETAILS

PRICE

$2,398,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,571

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8622 3rd Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,612 SF

ZONING

R6B

APN/PARCEL ID

06043-0047

ASK ABOUT THIS PROPERTY

Wade JabourJabour Realty CoMore Info
718-748-1800

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Wade JabourJabour Realty CoMore Info
718-748-1800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.