$1,980,000

Estimated payment $11,226/month

Total Views 4,019
-- Bed
-- Bath
3,120 Sq Ft
$635 Price per Sq Ft

Highlights

  • Multiple cooling system units
  • 3-minute walk to Bay Ridge Avenue
  • 5-minute walk to John Allen Payne Playground
  • P.S. 102 The Bayview School Rated A
  • Back Yard

About This Home

Prime Bay Ridge Investment Opportunity! Introducing this three-story mixed-use building with a R6B overlay and C1-3 zoning! This building features 1 commercial storefront and 2 residential units plus a full finished basement. The second floor is a 3 Bed 1 Bath unit and the third floor is a 2 Bed 1 Bath unit. The ground floor and second floor units have been recently renovated. With a prime location and strong rental income, this is an opportunity you don’t want to miss. Conveniently Located to all that Bay Ridge Has to Offer! Do not miss this opportunity to invest in this exceptional mixed-use property in one of Brooklyn’s most sought-out neighborhoods. Please be advised the Listing Agent is also the owner of the property. Contact Listing Agents for Financial Details. ***Listing agents must be present during showings. Do not disturb the customers and business.***

Listing Agent

Huazhao Liang

Listed on: 07/22/2025

Co-Listing Agent

XueFang (Sue Li

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,846

Year Built

  • Built in 1925

Lot Details

  • 1,735 Sq Ft Lot
  • Lot Dimensions are 87 x 20
  • Back Yard
  • Property is zoned R6B, C1-3

Home Design

  • Mixed Use

Interior Spaces

  • 3,120 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple cooling system units
  • 220 Volts

Listing and Financial Details

  • Tax Block 5862

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $7,395
  • Gross Income $108,282
  • Net Operating Income $87,355

Property Details

Property Type

Other

Est. Annual Taxes

$9,846

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 52.00
  • Building Width: 20.00
  • Co List Office Mls Id: 119580
  • Co List Office Phone: (718) 676-2518
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Sign - Building, Other
  • Commercial Features Interior: Kitchen, Restrooms - Staff, Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Ave
  • Heat Delivery: Other
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3120
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Year Built: 1925
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1735

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 146
  • Roof: Other

Utilities

  • Air Conditioning Units: 3
  • Electric: 220 V
  • Heating Fuel: Other
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 87
  • Lot Size Width: 20
  • Zoning: R6B, C1-3

Multi Family

  • Annual Gross Expense: 20927.02
  • Annual Gross Income: 108282
  • Insurance Expense: 7394.76
  • Property Net Operating Income: 87354.98
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 9846.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $9,289 $77,580 $16,500 $61,080
2024 $9,289 $74,460 $16,500 $57,960
2023 $8,763 $78,000 $16,500 $61,500
2022 $8,756 $79,440 $16,500 $62,940
2021 $9,024 $73,380 $16,500 $56,880
2020 $6,486 $76,740 $16,500 $60,240
2019 $8,062 $80,760 $16,500 $64,260
2018 $7,412 $36,360 $8,912 $27,448
2017 $7,324 $35,928 $9,446 $26,482
2016 $7,182 $35,928 $11,330 $24,598
2015 $4,088 $34,045 $12,878 $21,167
2014 $4,088 $32,118 $14,575 $17,543
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2025 07/22/25 For Sale $1,980,000 -- $635 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $10 --
Deed $835,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $615,090 FHA
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 494366

Brooklyn Board of REALTORS®

APN: 05862-0146