NOT LISTED FOR SALE

7508 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated Value: $2,045,865

Studio
-- Bath
2,970 Sq Ft
$689/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $1,785,000 $601 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,557/month

Highlights

  • Back Yard
  • P.S. 102 The Bayview School Rated A
  • 4-minute walk to 77 Street (R Line)

About This Home

As of October 2019

We are pleased to offer for sale 7508 3rd Avenue, Brooklyn, NY 11209. The mixed-use property is located in prime Bay Ridge and represents an excellent investment or owner-operator opportunity. The property features an approximately 980 SF vacant ground floor retail space built out as a restaurant plus a backyard and full basement, as well as two 2 bedroom apartments. The property is in good condition and centrally located in Bay Ridge near numerous popular neighborhood fixtures. Nearby tenants include Starbucks, Verizon, Dime Community Bank, Valley Bank, as well as local favorites such as Tanoreen, Vesuvio and Salty Dog. The property is close to major roads and public transportation.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,302

Year Built

  • Built in 1930

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 18 x 80
  • Back Yard
  • Property is zoned R6B

Home Design

  • Mixed Use

Interior Spaces

  • 2,970 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Block 5939

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,000
  • Insurance Expense $4,500
  • Gross Income $111,000
  • Net Operating Income $92,998

Property Details

Property Type

Other

Est. Annual Taxes

$10,302

Year Built

Built in 1930

Lot Details

1,440 Sq Ft Lot

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 18.00
  • Co List Office Mls Id: 118740
  • Co List Office Phone: (718) 921-3100
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 76th Street
  • Cross Street Name2: Bay Ridge Avenue
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2970
  • Building Stories: 3
  • Street Name I D X: 3
  • Waterfront Present: No
  • Year Built: 1930
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1440

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 41
  • Roof: Other

Utilities

  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Dimensions: 18 x 80
  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 18
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 18002.00
  • Annual Gross Income: 111000
  • Insurance Expense: 4500.00
  • Property Net Operating Income: 92998.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 10302.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Oct 28, 2019
Sold by
Babakhanhersini As Trustee Marisa
Bought by
H & C 7503 Third Llc
Sold Price
$1,785,000
Current Estimated Value
$2,045,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,865
Avg. Annual Appreciation
2.19%

Purchase Details

Closed on
Jun 22, 2015
Sold by
Babakahni Mahmoud
Bought by
The Living Trust Of Mahmoud Babakhani and Marisa Babakhanhersini, As Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
H & C 7503 Third Llc $1,785,000 --
The Living Trust Of Mahmoud Babakhani -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $1,785,000 -- $601 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $12,582 $93,540 $22,380 $71,160
2024 $12,582 $90,240 $22,380 $67,860
2023 $12,002 $88,320 $22,380 $65,940
2022 $11,660 $74,100 $22,380 $51,720
2021 $12,292 $68,640 $22,380 $46,260
2019 $10,920 $85,260 $22,380 $62,880
2018 $10,039 $49,248 $15,515 $33,733
2017 $9,922 $48,672 $16,444 $32,228
2016 $9,730 $48,672 $19,733 $28,939
2015 $5,538 $46,112 $19,884 $26,228
2014 $5,538 $43,502 $19,788 $23,714
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 429528

Brooklyn Board of REALTORS®

APN: 05939-0041

New York Kings County Brooklyn 11209 Bay Ridge

7508 3rd Ave, Brooklyn, NY

Not Listed for Sale

Other

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