7001 3rd Ave, Brooklyn, NY, 11209

About This Home

Prime 36ft Corner Mixed-Use Opportunity | R6B Zone. Located in the heart of Bay Ridge, 7001 3rd Ave offers a massive 36' x 112' combined footprint (20' primary lot + 16' adjacent lot), ensuring maximum exposure and foot traffic. Current Unit Breakdown: Ground Floor: 1,886 sq. ft. commercial interior 1,236 sq. ft. cellar 1,700 sq. ft. outdoor seating space. 2nd Floor: 1,117 sq. ft. beautifully renovated 3-bedroom apartment. 3rd Floor: 1,117 sq. ft. spacious 4-bedroom apartment. Investment & Development Upside: For the immediate investor, the property boasts a robust 6.5% projected cap rate. Alternatively, it currently offers a turn-key owner-occupancy setup. Beyond immediate income, this is a "builder’s dream" featuring 4,218 sq. ft. of additional buildable (2.0 FAR vs. current 0.99 FAR). R6B zoning allows for a maximum building height of 55 feet air rights. The Location Play: Sunset Park & Bay Ridge border $6 Billon Revitalization: The Brooklyn Marine Terminal (BMT): The newly approved $3.5 billion Vision Plan is transforming the waterfront just blocks away. Art & Innovation Hubs: The nearby Industry City and the "Made in NY" Campus at Bush Terminal continue to expand, anchoring the area as a world-class destination for technology, media, Music and film production. NYU Langone Expansion: A $500 million investment is currently expanding hospital capacity and specialized care in Sunset Park. Maimonides/H+H Merger: A $2.2 billion initiative to modernize medical facilities and expand healthcare access across Brooklyn and Bay Ridge. This unprecedented influx of capital is a primary driver for a significant surge in local housing demand. This rare combination of immediate yield and massive future growth makes 7001 3rd Ave a standout asset at the border of Sunset Park and Bay Ridge. Schedule a private showing today!