$2,395,000

4424 3rd Ave Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $13,557/month

Total Views 2,381
-- Bed
-- Bath
5,450 Sq Ft
$439 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to 45 Street
  • 2-minute walk to Pena Herrera Playground
  • Heating System Uses Steam

About This Home

Prime Sunset Park corner brick mixed-use property at 4424 3rd Ave (AKA 275-283 45th Street) on a 25' x 100' lot, featuring both front and rear buildings on a single lot, with a combined building size of approximately 5,450 sqft.
4 Stores, 2 four bedroom apartments. Zoned M1-2D, the property includes four commercial/retail stores, two spacious 6-room/4-bedroom apartments, and a full unfinished basement with high ceilings for storage. Equipped with gas boiler and water heaters, the building benefits from heavy foot and car traffic, offering excellent visibility along 3rd Avenue, just one block from the 45th Street R train station. Conveniently located near Industry City, the Belt Parkway, Gowanus Expressway, Verrazano Bridge, Staten Island, and with easy access to the Battery Tunnel and Manhattan, this property is ideal for any type of commercial business. The roof provides potential for outdoor advertising visible from the BQE. Delivered vacant possible. Owner financing available. This is a rare and versatile investment opportunity.

Listing Agent

Ali Tom

Listed on: 11/15/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,400

Year Built

  • Built in 1950

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Property is zoned M1-2D

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 5,450 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Cellar

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 736

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $3,900
  • Insurance Expense $9,000
  • Utility Expense $600
  • Gross Income $984,000

Property Details

Property Type

Other

Est. Annual Taxes

$6,400

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 2500
  • Building Length: 100.00
  • Building Width: 25.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 45th Street
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5450
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Street Number I D X: 4424
  • Year Built: 1950
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: Other, None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Stone
  • Lot Number: 48
  • Roof: Flat, Rubber

Utilities

  • Electric: 110 V, 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3900.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: M1-2D

Rental Info

  • Rent Income: 8200

Multi Family

  • Annual Gross Expense: 21400.00
  • Annual Gross Income: 984000
  • Insurance Expense: 9000.00
  • Unit Count: 6
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 6400.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,401 $139,320 $11,400 $127,920
2024 $6,401 $154,740 $11,400 $143,340
2023 $6,106 $136,740 $11,400 $125,340
2022 $5,933 $107,340 $11,400 $95,940
2021 $6,060 $100,800 $11,400 $89,400
2020 $6,060 $64,080 $11,400 $52,680
2019 $5,556 $55,740 $11,400 $44,340
2018 $5,108 $25,056 $6,151 $18,905
2017 $5,049 $24,768 $6,518 $18,250
2016 $4,797 $23,994 $7,573 $16,421
2015 $2,818 $22,636 $8,567 $14,069
2014 $2,818 $22,132 $10,060 $12,072
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Price Changed $2,395,000 -7.7% $439 / Sq Ft
01/27/2025 01/27/25 Price Changed $2,595,000 -3.7% $476 / Sq Ft
01/02/2025 01/02/25 Price Changed $2,695,000 -3.6% $494 / Sq Ft
12/18/2024 12/18/24 Price Changed $2,795,000 -6.7% $513 / Sq Ft
11/15/2024 11/15/24 For Sale $2,995,000 -- $550 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 487480

Brooklyn Board of REALTORS®

APN: 00736-0048

New York Kings County Brooklyn 11220 Sunset Park

4424 3rd Ave, Brooklyn, NY

This home is located at 4424 3rd Ave, Brooklyn, NY 11220 and is currently priced at $2,395,000, approximately $439 per square foot. This property was built in 1950. 4424 3rd Ave is a home located in Kings County with nearby schools including P.S. 1 The Bergen.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Listing Agent
Ali Tom