$1,895,000
$100K PRICE INCREASE

7516 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated payment $10,762/month

Total Views 411
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to 77 Street (R Line)
  • Heating System Uses Steam
  • P.S. 102 The Bayview School Rated A

About This Home

Well-maintained mixed-use building located on 3rd Avenue in the heart of Brooklyn. This three-story property features a street-level commercial space currently operating as an optical store, with two residential apartment units above. A solid opportunity for investors seeking steady income in an established neighborhood with strong foot traffic and transit access. Ideal for owner-users or long-term hold investors. Built in 1930, 7516 3rd Avenue is a three-story mixed-use building consisting of three units. The first floor is configured as a retail storefront currently utilized as an optical store, offering excellent visibility along a well-trafficked corridor. The second and third floors each feature residential apartment units, providing a classic mixed-use layout with diversified income potential. The property benefits from a traditional pre-war structure and a prime Brooklyn location, making it suitable for investors seeking a combination of commercial and residential use.

Listing Agent

Ya Quan Guan

Listed on: 02/04/2026

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,002

Year Built

  • Built in 1930

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 80 x 18

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Masonry

Interior Spaces

  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Tax Block 5939

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,250
  • Insurance Expense $3,500
  • Utility Expense $600
  • Gross Income $107,800
  • Net Operating Income $89,448

Property Details

Property Type

Other

Est. Annual Taxes

$12,002

Year Built

Built in 1930

Lot Details

1,440 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 75th Street
  • Cross Street Name2: 76th Street
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Year Built: 1930
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 1440

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Masonry
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 44
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 2250.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 18

Multi Family

  • Annual Gross Expense: 18392.00
  • Annual Gross Income: 107800
  • Insurance Expense: 3500.00
  • Property Net Operating Income: 89448.00
  • Unit Count: 3
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 12002.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $75,300 $22,380 $52,920
2021 $12,292 $69,600 $22,380 $47,220
2020 $5,789 $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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2026 02/24/26 Price Changed $1,895,000 -2.8% --
02/04/2026 02/04/26 Price Changed $1,950,000 +8.6% --
02/04/2026 02/04/26 For Sale $1,795,000 -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $950,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $585,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 498783

Brooklyn Board of REALTORS®

APN: 05939-0044

New York Kings County Brooklyn 11209 Bay Ridge

7516 3rd Ave, Brooklyn, NY

For Sale

Other

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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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