$3,780,000

7001 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated payment $21,925/month

Total Views 2,179
-- Bed
-- Bath
4,840 Sq Ft
$781 Price per Sq Ft

Highlights

  • 4,056 Sq Ft lot
  • 5-minute walk to Bay Ridge Avenue
  • Heating System Uses Steam
  • P.S. 102 The Bayview School Rated A
  • Tile Flooring
  • Back Yard

About This Home

Prime corner property featuring a 1-story commercial storefront with two 3-bedroom, 1-bath residential units above, situated on a 20 ft x 112 ft lot with an additional adjacent 16 ft x 112 ft lot included (total 36 ft x 112 ft). The commercial store has 1 year left on the lease, while both apartments are occupied on a month-to-month basis (Both units can be delivered vacant). This high-visibility location offers strong rental income with excellent potential for future development or expansion.

Listing Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 05/28/2025

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,422

Year Built

  • Built in 1914

Lot Details

  • 4,056 Sq Ft Lot
  • Lot Dimensions are 112 x 36
  • Back Yard
  • Property is zoned R6B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,840 Sq Ft Home
  • 3-Story Property
  • Tile Flooring
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Block 5891

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $10,000
  • Gross Income $195,600

Property Details

Property Type

Other

Est. Annual Taxes

$16,422

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1300
  • Building Length: 65.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ovington Av
  • Cross Street Name2: 72nd St
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4840
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Street Number I D X: 7001
  • Year Built: 1914
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Other
  • Lot Sq Ft: 4056

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Other
  • Foundation Details: Poured Concrete
  • Lot Number: 21
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 112
  • Lot Size Width: 36
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 38422.00
  • Annual Gross Income: 195600
  • Insurance Expense: 10000.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 16422.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $16,422 $103,260 $37,560 $65,700
2024 $16,422 $94,140 $37,560 $56,580
2023 $15,927 $109,140 $37,560 $71,580
2022 $14,901 $122,880 $37,560 $85,320
2021 $15,620 $119,220 $37,560 $81,660
2020 $7,424 $151,200 $37,560 $113,640
2019 $14,254 $151,200 $37,560 $113,640
2018 $13,322 $65,352 $19,481 $45,871
2017 $11,674 $57,267 $23,710 $33,557
2016 $11,378 $56,917 $28,278 $28,639
2015 $6,516 $54,308 $32,378 $21,930
2014 $6,516 $51,847 $30,561 $21,286
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $3,780,000 -0.2% $781 / Sq Ft
05/28/2025 05/28/25 For Sale $3,788,000 -- $783 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $3,075,000 --
Deed $2,100,000 --
Deed $1,495,000 --
Bargain Sale Deed -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $744,687 Commercial
Previous Owner $744,687 Commercial
Previous Owner $128,645 Commercial
Previous Owner $100,000 Commercial
Previous Owner $895,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 493017

Brooklyn Board of REALTORS®

APN: 05891-0021

New York Kings County Brooklyn 11209 Bay Ridge

7001 3rd Ave, Brooklyn, NY

This home is located at 7001 3rd Ave, Brooklyn, NY 11209 and is currently priced at $3,780,000, approximately $780 per square foot. This property was built in 1914. 7001 3rd Ave is a home located in Kings County with nearby schools including P.S. 102 The Bayview School, Junior High School 259 William McKinley, and Fort Hamilton High School.

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.

Nearby Homes
Listing Agent
Hang Chen
Section Image
RE/MAX Real Estate Professionals
(929) 588-8119