7001 3rd Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $20,179/month
Highlights
- 4,056 Sq Ft lot
- 5-minute walk to Bay Ridge Avenue
- Hot Water Heating System
- 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.
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
- Hot Water Heating System
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/02/2025 10/02/25 | Price Changed | $3,590,000 | -5.0% | $742 / Sq Ft |
| 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 |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $744,687 | Commercial | |
| Previous Owner | $744,687 | Commercial | |
| Previous Owner | $895,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 493017
APN: 05891-0021
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