9224 3rd Ave - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$2,700,000 USD
347-552-1207
9224 3rd Ave, Brooklyn, NY for Sale
$2,700,000 USD
Apartments - FOR SALE
1/3
null | 6.38% Cap Rate

9224 3rd Ave
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Prime Bay Ridge corner mixed-use building with 14 residential units and 1 commercial unit.
  • Seven free-market apartments offer immediate upside through rental increases.
  • Located just steps from the R train, Shore Road parks, and vibrant 3rd Avenue retail.
  • Affordable entry with a Gross Rent Multiplier of 8.42.
  • Corner commercial tenant provides stable cash flow and high visibility.

OVERVIEW

Ozana Realty Group is pleased to exclusively present 273 93rd Street, a classic 15-unit mixed-use corner property located in the heart of Bay Ridge, Brooklyn. Built in 1927, the building is comprised of 14 residential apartments—featuring a mix of one-bedroom and two-bedroom units—and one ground-floor commercial unit currently occupied by a well-established restaurant. Seven of the residential apartments are rent-stabilized. The remaining free-market units present significant upside through rent increases and targeted renovations, offering immediate value-add potential in a high-demand, supply-constrained submarket. With corner visibility, stable commercial tenancy, and a strong residential tenant base, 273 93rd Street is a rare opportunity to acquire a well-located asset with built-in cash flow and clear growth potential.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

14

PRICE/UNIT

$192,857

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9224 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

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6B/C1-3

APN/PARCEL ID

06102-0047

ASK ABOUT THIS PROPERTY

Michael RaiaOzana Realty GroupMore Info
347-552-1207

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Michael RaiaOzana Realty GroupMore Info
347-552-1207

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