NOT LISTED FOR SALE

7524 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated Value: $2,434,940

-- Bed
-- Bath
4,312 Sq Ft
$565/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $2,165,000 $502 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $14,461/month

Highlights

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

About This Home

As of September 2020

We are pleased to present for sale a renovated, corner mixed-use property located on one of the best blocks in Bay Ridge. The 3 unit property consists of two renovated, free market apartment rentals, an oversized 2 bedroom and a 3 bedroom, over an approximately 1,811 SF retail store. The property is located near major anchor tenants, numerous popular neighborhood fixtures, and public transportation. Nearby tenants include Starbucks, Valley Bank, and local favorites such as Tanoreen, Vesuvio, and Salty Dog.

Co-Listed By

Michele Pollifrone-Hass

Coldwell Banker Reliable

Coldwell Banker Reliable

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,451

Year Built

  • Built in 1930

Lot Details

  • 1,816 Sq Ft Lot
  • Lot Dimensions are 20 x 80
  • Property is zoned R6B/C1-3

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 4,312 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile

Listing and Financial Details

  • Tax Block 5939

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $11,617
  • Insurance Expense $3,036
  • Utility Expense $785
  • Gross Income $136,425
  • Net Operating Income $104,106

Property Details

Property Type

Other

Est. Annual Taxes

$12,451

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1235
  • Building Length: 65.00
  • Building Width: 19.00
  • 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: 75th Street
  • Cross Street Name2: 76th Street
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4312
  • Building Stories: 3
  • Street Name I D X: 3
  • Street Number I D X: 7524
  • Year Built: 1930
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 1816

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 48
  • Roof: Flat

Utilities

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

Fee Information

  • Annual Fuel Expense: 11617.00

Lot Info

  • Lot Dimensions: 20 x 80
  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20
  • Zoning: R6B/C1-3

Multi Family

  • Annual Gross Expense: 32319.00
  • Annual Gross Income: 136425
  • Insurance Expense: 3036.00
  • Miscellaneous Expense: 3145.00
  • Property Net Operating Income: 104106.00
  • Unit Count: 3
  • Annual Utility Expenses: 785.00

Tax Info

  • Flip Tax Amount: 12451.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Sep 28, 2020
Sold by
7524 3Rd Avenue Realty Llc
Bought by
7524 Third Ave Llc
Sold Price
$2,165,000
Current Estimated Value
$2,434,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,940
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Aug 17, 2009
Sold by
Marchetti Steven J and Mercante Robert
Bought by
7524 3Rd Avenue Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
5.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2009
Sold by
J & A Third Avenue Llc
Bought by
Marchetti Steven J and Mercante Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
5.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 1995
Sold by
Procacci Julius
Bought by
J & A Partners Lp
Source: Public Records

Range of Values:

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Average Value
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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
7524 Third Ave Llc $2,165,000 --
7524 3Rd Avenue Realty Llc -- --
Marchetti Steven J $1,100,000 --
J & A Partners Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 7524 3Rd Avenue Realty Llc $175,522
Previous Owner 7524 3Rd Avenue Realty Llc $600,000
Previous Owner Marchetti Steven J $617,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $2,165,000 -- $502 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

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 $14,329 $122,580 $25,500 $97,080
2024 $14,329 $112,380 $25,500 $86,880
2023 $13,669 $137,880 $25,500 $112,380
2022 $12,596 $108,240 $25,500 $82,740
2021 $14,001 $98,100 $25,500 $72,600
2020 $6,593 $104,820 $25,500 $79,320
2019 $12,437 $94,320 $25,500 $68,820
2018 $11,434 $56,088 $18,196 $37,892
2017 $11,301 $55,440 $19,281 $36,159
2016 $11,083 $55,440 $23,145 $32,295
2015 $6,308 $52,516 $24,077 $28,439
2014 $6,308 $49,544 $22,520 $27,024
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller Co-Listing Agent in 2020

    Michele Pollifrone-Hass

    Coldwell Banker Reliable

    (917) 797-5722

    1 in this area

    4 Total Sales

    Michele Pollifrone-Hass
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 436847

Brooklyn Board of REALTORS®

APN: 05939-0048

New York Kings County Brooklyn 11209 Bay Ridge

7524 3rd Ave, Brooklyn, NY

This home is located at 7524 3rd Ave, Brooklyn, NY 11209 since 19 February 2020 and is currently estimated at $2,434,940, approximately $564 per square foot. This property was built in 1930. 7524 3rd Ave is a home located in Kings County with nearby schools including P.S. 102 The Bayview School, Junior High School 259 William McKinley, and Fort Hamilton High School.

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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