725 3rd Ave, Brooklyn, NY 11232 - Mixed Use Space
725 3rd Ave is located at 725 3rd Ave in the Greenwood Heights neighborhood, NY, Brooklyn, 11232. The Mixed Use building was completed in 1925 and features a total of 4,380 Sqft.
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725 3rd Ave
725 3rd Ave, Brooklyn, NY 11232
- Mixed Use
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Nearby Properties
Details
- Sale Price Contact for pricing
- City Brooklyn
- Neighborhood Greenwood Heights
- Zip Code 11232
- Market Brooklyn
- Property Type Mixed Use
- Property Size 4,380 Sqft
- Lot Size 0.05 Acre
- Year Built 1925
- Date Updated 15 Oct, 2020
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Description
TerraCRG has been retained to exclusively represent ownership in the sale of a value-add mixed-use building in Sunset Park. 725 third avenue is located at the corner of 24th Street and Third Avenue and offers the opportunity to obtain property in one of NYC’s fastest growing submarkets.
After a renovation, the building has a projected rent roll of approximately $154,800 and, at asking price, is offered at approximately $339/gross SF. The property offers a projected NOI of $110,340 and the current taxes are $25,661.84.
On the border of buzzing mixed-use neighborhoods, Greenwood Heights and Sunset Park, the property is conveniently located near the 25th Street R subway entrance as well as the on-ramp to the BQE, providing easy access to Manhattan and beyond. Nearby successful commercial projects include Industry City and Liberty View Plaza, among a plethora of other Brooklyn manufacturers, warehouses, retailers and more.
FREQUENTLY ASKED QUESTIONS
What is the total square footage of 725 3rd Ave?
725 3rd Ave totals 4,380 square feet.
When was this property built?
725 3rd Ave was built in 1925.
Greenwood Heights Demographics
The average household income in zip code 11232 is $78,443, from a total of 8,812 households. In terms of employment, there are 80.00 % white-collar and 20.00 % blue-collar jobs in zip code 11232.Population
- Total Population40,076
- Male Population(49.0 %) 19,642
- Female Population(51.0 %) 20,434
- Median Age35.00
Income/Financial
- Average Household Income$134,383
- Median Household Income$90,122
- Median Income Under 25$72,500
- Median Income 25-44$100,873
- Median Income 45-64$92,792
- Median Income Over 65$53,214
