7516 3rd Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $10,377/month
Highlights
- Wood Flooring
- 3-minute walk to 77 Street (R Line)
- Heating System Uses Steam
- P.S. 102 The Bayview School Rated A
- Fenced Yard
- Back Yard
About This Home
PRIME LOCATION! NEWLY LISTED MIXED-USE BUILDING ON 3RD AVENUE IN BAY RIDGE! Featuring 2 Apartments + 1 Store. The retail store is approximately 1500 SF, recently renovated with high ceilings, exposed brick wall, recessed lights, showroom, 2 private offices and conference room. The basement is full sized finished. The tenant has a lease in place until December 2025. The first-floor apartment is 2 bedrooms and 1 full bath, including a newly renovated open concept kitchen overlooking the living/dining room, tiled bath with shower, and two bedrooms, each with closets. The second floor is a 3-bedroom 1 full bath apartment, including a renovated eat-in kitchen, tiled bath, and 3 bedroom all with closets. Both apartments have high ceilings, NEST controlled heat, new electric service and new plumbing. The building has a newer roof (8 years old), new water tank, & security system. Located right on 3rd avenue in a high-volume foot traffic area, Minutes to the R-train and close to all the amenities in the neighborhood including Starbucks, Citibank, & the Supermarket.
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
- Fenced Yard
- Back Yard
- Property is zoned R6B
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Rubber Roof
- Masonry
Interior Spaces
- 3,240 Sq Ft Home
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Price Changed | $1,795,000 | -5.3% | $554 / Sq Ft |
| 09/10/2024 09/10/24 | For Sale | $1,895,000 | -- | $585 / Sq Ft |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $950,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $585,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 485901
APN: 05939-0044
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