6002-6020 3rd Ave - Apartments FOR SALE


Brooklyn, NY 11220- Sunset Park
$29,000,000 USD
646-706-1481
6002-6020 3rd Ave, Brooklyn, NY for Sale
$29,000,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

6002-6020 3rd Ave
Brooklyn, NY 11220
Sunset Park


HIGHLIGHTS

  • 53 Residential Units – Fully stabilized with 52 × 2BR + 1 × 1BR layouts
  • Ground-Floor Retail Spaces – Prime commercial frontage with high foot traffic
  • Premier corner site in Sunset Park, blocks from 8th Ave commercial district
  • Minutes to Industry City, one of NYC’s largest adaptive reuse projects
  • Proximity to major highways, subways, and public amenities
  • Surrounded by robust residential demand and diverse tenant base

OVERVIEW

An exceptional flagship investment in the heart of Sunset Park, Brooklyn — one of NYC’s fastest-transforming neighborhoods. New build Completed in 2022, this trophy-class mixed-use corner property offers 53 fully stabilized residential units (52 × 2BR + 1 × 1BR), 1 street-level commercial spaces, and a rare 30 on-site parking spaces. With gross income of $2,110,620 and a 421a tax abatement in place, the property delivers both immediate returns and long-term upside. The building features elevator access, ADA compliance, rooftop terrace, bike storage, virtual doorman, and modern security systems — all wrapped in a low-maintenance design with high-end finishes. Strategically positioned near the 8th Avenue commercial corridor and just minutes from Industry City, subways, and major highways, this asset is surrounded by dense residential demand and mixed-use vibrancy. As a core income-producing property located in a qualified opportunity zone, it presents strong potential for future condo conversion, rent roll growth, or recapitalization. Ideal for private equity firms, family offices, or 1031 buyers seeking portfolio stability and strategic positioning in a resilient Brooklyn submarket. Owner financing available at 6% interest (terms negotiable for qualified buyers) Contact us now for the full offering memorandum, rent roll, and private tour schedule.

FOR SALE DETAILS

PRICE

$29,000,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

54

PRICE/UNIT

$537,037

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2022

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R6B

APN/PARCEL ID

05780-0045

ASK ABOUT THIS PROPERTY

Mandy (Meijuan) JiangAshford HomesMore Info
646-706-1481

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

Mandy (Meijuan) JiangAshford HomesMore Info
646-706-1481

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