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6700 Third Ave

19,100 SF 100% Leased Light Industrial Building Brooklyn, NY 11220 £7,779,038 (£407/SF) 4.41% Net Initial Yield

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Investment Highlights

Prime Bay Ridge Investment Opportunity
7,500 Square Foot Vacant Lot
3 Blocks From Bay Ridge Avenue ("R") Subway Station

19,100 Square Feet of Warehouse & Office
R5B, R6B, C1-3, BR Zoning
Can Be Delivered Vacant | Reach Out to Listing Broker For More Information

Executive Summary

SAB Capital is pleased to present 6700 3rd Avenue, a prime property located in Bay Ridge section of Brooklyn. This versatile building offers a total of 19,100 square feet of office and warehouse space, situated on a 236 ft x 91.92 ft irregular lot. The property is zoned R5B, R6B, C1-3 BR, providing a wide range of potential uses. Conveniently located along the vibrant 3rd Avenue corridor, the building is just three blocks from the Bay Ridge Avenue ("R") subway station, offering excellent connectivity to the rest of Brooklyn and Manhattan.

Property Facts

Price	£7,779,038	Lot Size	0.54 AC
Price Per SF	£407	Rentable Building Area	19,100 SF
Sale Type	Investment	Number of Floors	2
Net Initial Yield	4.41%	Year Built	1962
Property Type	Light Industrial	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	£7,779,038
Price Per SF	£407
Sale Type	Investment
Net Initial Yield	4.41%
Property Type	Light Industrial
Building Class	C
Lot Size	0.54 AC
Rentable Building Area	19,100 SF
Number of Floors	2
Year Built	1962
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Walker's Paradise (95)

Transit Score ®

Rider's Paradise (94)

Bike Score ®

Very Bikeable (70)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	05849-0037	Improvements Assessment	£804,647
Land Assessment	£250,557	Total Assessment	£1,055,204

PROPERTY TAXES

Parcel Number

05849-0037

Land Assessment

£250,557

Improvements Assessment

£804,647

Total Assessment

£1,055,204

zoning

Zoning Code	C1-3, R5B, R6B, BR (The property has a mixed zoning of R5-B, R6-B with a C1-3 commercial overlay and is also located in the Bay Ridge Special District (BR).)
C1-3, R5B, R6B, BR (The property has a mixed zoning of R5-B, R6-B with a C1-3 commercial overlay and is also located in the Bay Ridge Special District (BR).)