$2,279,000

7207 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated payment $13,524/month

Total Views 3,765
-- Bed
-- Bath
5,038 Sq Ft
$452 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard
  • P.S. 102 The Bayview School Rated A

About This Home

Excellent Mixed-Use Commercial Investment Opportunity in Prime Bay Ridge, Conveniently Situated On 3rd Avenue in a busy foot traffic section. It Features R6B Zoning, With Buildings Measuring 26.67 X 47 Over A 26.67 X 100 Lot. The Building Consists of Two Stores and Six two-bedroom apartment with Finished Basement. It Offers Ample Exposure to Public Transportation and Pedestrians. A Short Distance to The Subway Station Serving the R Line, And with Nearby Bus Lines B4, B9, B37 & B64, a Highly Accessible Location with Easy Access to The Multitude of Establishments Along 3rd Ave. (so called restaurants row) besides Popular Restaurants also offers a variety of business as Banks, , Dental Office, Supermarkets....

Listing Agent

Carol Touma

Hometown Properties Listed on: 08/29/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,000

Year Built

  • Built in 1931

Lot Details

  • 2,667 Sq Ft Lot
  • Lot Dimensions are 100 x 26
  • Back Yard
  • Property is zoned R6B

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 5,038 Sq Ft Home
  • 4-Story Property
  • Finished Basement

Flooring

  • Wood
  • Tile

Utilities

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

Listing and Financial Details

  • Tax Block 5908

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $7,000
  • Insurance Expense $8,000
  • Utility Expense $1,200
  • Net Operating Income $144,676

Property Details

Property Type

Other

Est. Annual Taxes

$19,000

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Borough: Brooklyn
  • Building Length: 47.00
  • Building Width: 27.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Sign - Building
  • Commercial Features Interior: Intercom
  • Confirmed By M L S Y N: Yes
  • Cross Street: 72nd St
  • Cross Street Name2: 73rd St
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5038
  • Building Stories: 4
  • Street Name I D X: 3rd
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2667

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Slab Concrete
  • Lot Number: 8
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 7000.00

Lot Info

  • Lot Dimensions: 2667
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 26
  • Zoning: R6B

Multi Family

  • Insurance Expense: 8000.00
  • Property Net Operating Income: 144676.00
  • Unit Count: 8
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 19000.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 Price Changed $2,279,000 -5.0% $452 / Sq Ft
08/29/2024 08/29/24 For Sale $2,399,000 -- $476 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 485601

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11209 Bay Ridge

7207 3rd Ave, Brooklyn, NY

For Sale

Other

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Carol Touma
Listing Agent
Carol Touma
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Hometown Properties
(929) 531-7073