NOT LISTED FOR SALE

Estimated Value: $1,762,934

4 Beds
2.5 Baths
2,970 Sq Ft
$594/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $1,675,000 $564 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,085/month

40 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to 77 Street (R Line)
  • No Heating
  • P.S. 102 The Bayview School Rated A
  • No HOA

About This Home

As of May 2024

Book your appointment here or copy/paste: bit.ly/7606-3rd-Scheduler

Exceptionally well-located mixed use building in the sweet spot of bustling 3rd Ave in Bay Ridge.

• Well maintained 18x55 building on 18x80 lot
• Two apartments over store (currently a veterinarian clinic)
• Each unit is approximately 900 SF and has 2 bedrooms, 1 bath
• Both residential units are in good condition, one has a washer/dryer
• Fully finished basement
• Current cap rate: 5%, projected cap rate 6%

Bay Ridge is the perfect blend of residential and commercial. Surrounded by parks and beautiful residences of all sizes, 3rd Avenue is the anchor of Bay Ridge and home to a diverse range of businesses. Stretching north-south for a mile, 3rd Avenue is the site of annual parades and festivals and the ever popular Summer Stroll. 7606 is in the heart of all this activity and in the company of some of Bay Ridge’s most popular and longstanding establishments such as Dimensions on Stage, Tanoreen, Salty Dog, Omonia Cafe, Starbucks, Greenhouse Cafe, Vesuvios, Key Food, Sapporo, Bagel Boy, NYC Taekwondo, Body & Brain Yoga, the list goes on.

Many ways in and out of Bay Ridge:

Train: R train. One stop to express N train. 35 minutes to Union Square, Manhattan.
Express Bus: luxurious 30 minute ride to lower Manhattan (x27) or Flat Iron DIstrict (x28).
Ferry: at the 69th St pier (serves drinks too!)
Car: easy access to both the Belt Parkway and BQE, Brooklyn’s only 2 highways.
Plane: about 35 minutes to all 3 NYC area airports.

Last Agent to Sell the Property

Helen Chee

Compass License #10301217489 Listed on: 02/20/2024

Compass

Co-Listed By

Rezwan Sharif

Compass License #40SH1132448

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,900

Year Built

  • Built in 1929

Lot Details

  • Lot Dimensions are 18.000000x80.000000

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,970 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 42 / 05949

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,900

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Exposures: East,West
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Entry Level: 1
  • Structure Type: Mixed Use, Townhouse
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 2970.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Full

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 18.000000x80.000000

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1929

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 05949
  • Tax Lot: 42
  • Tax Annual: 9900.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
May 22, 2024
Sold by
7606 3Rd Avenue Realty Llc
Bought by
The Mur River Realty Llc
Seller's Agent
Helen Chee
Compass
List Price
$1,700,000
Sold Price
$1,675,000
Premium/Discount to List
-$25,000
-1.47%
Views
62
Current Estimated Value
$1,762,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,934
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
Dec 31, 2012
Sold by
Ng Shun Kwai
Bought by
7606 3Rd Avenue Realty Llc

Purchase Details

Closed on
Oct 30, 2001
Sold by
Ng Shun Kwai
Bought by
Ng Shun Kwai and Ng Lily Ling

Purchase Details

Closed on
Jul 9, 1999
Sold by
Ng Shun Kwai
Bought by
Ng Shun Kwai
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Mur River Realty Llc $1,675,000 --
The Mur River Realty Llc $1,675,000 --
The Mur River Realty Llc $1,675,000 --
7606 3Rd Avenue Realty Llc -- --
Ng Shun Kwai -- --
Ng Shun Kwai -- --
7606 3Rd Avenue Realty Llc -- --
Ng Shun Kwai -- --
Ng Shun Kwai -- --
Ng Shun Kwai -- --
Ng Shun Kwai -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2024 05/22/24 Sold $1,675,000 -1.5% $564 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
02/24/2024 02/24/24 For Sale $1,700,000 -- $572 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $10,516 $96,120 $19,200 $76,920
2024 $10,516 $93,240 $19,200 $74,040
2023 $10,016 $90,180 $19,200 $70,980
2022 $9,717 $75,660 $19,200 $56,460
2021 $10,250 $69,900 $19,200 $50,700
2020 $4,820 $72,420 $19,200 $53,220
2019 $9,079 $74,940 $19,200 $55,740
2018 $8,318 $42,264 $10,995 $31,269
2017 $8,213 $41,760 $11,650 $30,110
2016 $8,038 $41,760 $13,978 $27,782
2015 $4,532 $39,572 $14,986 $24,586
2014 $4,532 $37,333 $16,969 $20,364
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10963879

Real Estate Board of New York (REBNY)

APN: 05949-0042