Seller's Agent in 2024
Helen Chee
Compass
(347) 733-5801
6 in this area
56 Total Sales
Estimated Value: $1,762,934
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.
| 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 | -- | -- |
| 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 |
| 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 |
Seller's Agent in 2024
Helen Chee
Compass
(347) 733-5801
6 in this area
56 Total Sales
Seller Co-Listing Agent in 2024
Rezwan Sharif
Compass
(917) 434-1920
6 in this area
56 Total Sales
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10963879
APN: 05949-0042