7508 3rd Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated Value: $2,068,462
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 2019We 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
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| H & C 7503 Third Llc | $1,785,000 | -- | |
| The Living Trust Of Mahmoud Babakhani | -- | -- |
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 | -- | -- | -- |
Tax History Compared to Growth
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 |
| 2020 | $9,219 | $81,000 | $22,380 | $58,620 |
| 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 |
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 429528
APN: 05939-0041
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