6903 8th Avenue, Brooklyn, NY, 11228

Address

6903 8th Avenue, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 1,690,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#504515
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodBay Ridge
Zip11228
StyleMixed Use
Year Built1928
Taxes$ 7448
Price$ 1,690,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage2000
Lot Size0.027479 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and will be delivered vacant, providing flexibility for an owner-user or an investor looking to establish their own rental income. The property currently generates $2,300/month in rental income from the commercial space, or $27,600 in annual gross rental income, while the vacant 2nd floor offers additional income potential. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.

Price History
9/16/2026	Listed $1,690,000

General Features

Net Operating Income	38652.00
Roof	Flat
Zoning	R5B
Electric	110 V
Stories Count	2
Property Type	Mixed Use
Block	5877
Cap Rate	0.02
Lot Number	7
Yearly Taxes	7448.00
Transaction Type	Sale
Insurance Expense	3100.00
Utility Expense	0.00
Gross Expense	10548.00
Financing	Bank Mortgage,Cash
Building Type	Attached
Gross Income	49200
Status	Active
Fuel Expense	0.00
Construction Materials	Brick
Cumulative Days on Market	9
MLS Area	Bay Ridge
Sub Type	Mixed Use
Year Built	1928
City	Brooklyn
Borough	Brooklyn
Number Of Stores	1
DOM	9
Sale Type	Arm's Length
# Families	1
Public Remarks	Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases,making it an attractive investment opportunity. The proper

Interior Features

Heating Fuel	Gas
Flooring	Hardwood,Tile
Hot Water	Gas
Unit Count	2
Sq Ft Total	2000
Lavatories	None
Basement Amenities	Finished,Full
Commercial Features Exterior	None
Commercial Features Interior	None

Exterior Features

Exterior	Brick
Yard	None
Foundation	Poured Concrete
Lot Sq Ft	1197
Loading Docks	None
Building Length	50.00
Building Width	20.00
Property Panorama YN	Yes
Lot Size Length	60
Lot Size Width	20
Parking Attrib	None