NOT LISTED FOR SALE

7508 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated Value: $2,036,783

Studio
-- Baths
2,970 Sq Ft
$686/Sq Ft Est. Value

Sale Details

Date Sold: October 28, 2019

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

Est. 14% increase in value since last sale

Current estimated payment $12,349 / mo

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.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Sold Price
$1,785,000
Current Estimated Value
$2,036,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,783
Avg. Annual Appreciation
1.94%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Bay Ridge, NY

  • Benjamin Dixon Real Estate Agent - Douglas Elliman Real Estate

    Benjamin Dixon

    Douglas Elliman Real Estate

    (646) 681-4023

    92 Total Sales

    1 in Bay Ridge

    $1,575,000 Price

    Benjamin Dixon
     Section Image
  • Emanuele Fiore Real Estate Agent - Serhant

    Emanuele Fiore

    Serhant

    (934) 333-5670

    29 Total Sales

    1 in Bay Ridge

    $4,150,000 Price

    Emanuele Fiore
     Section Image
  • Maria 'Melinda' Micciola Real Estate Agent - RE/MAX Elite

    Maria 'Melinda' Micciola

    RE/MAX Elite

    (914) 677-2599

    40 Total Sales

    6 in Bay Ridge

    $450K - $1.5M Price Range

    Maria 'Melinda' Micciola
     Section Image
  • Janet Guerra Real Estate Agent - Brownstone Real Estate LLC

    Janet Guerra

    Brownstone Real Estate LLC

    (844) 748-5897

    9 Total Sales

    2 in Bay Ridge

    $270K - $492K Price Range

    Janet Guerra
     Section Image
  • Gal Ozana Real Estate Agent - Ozana Realty Group

    Gal Ozana

    Responds Quickly

    Ozana Realty Group

    (888) 703-2848

    69 Total Sales

    2 in Bay Ridge

    $1,591,148 Price Range

    Gal Ozana
     Section Image
  • Jessica Matute Real Estate Agent - JM Properties

    Jessica Matute

    JM Properties

    (646) 828-1068

    80 Total Sales

    1 in Bay Ridge

    $1,450,000 Price

    Jessica Matute
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,785,000 --
The Living Trust Of Mahmoud Babakhani -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,337 $96,540 $22,380 $74,160
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

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.

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