$2,799,000

7623 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated payment $17,311/month

Total Views 4,941
-- Bed
-- Bath
5,000 Sq Ft
$560 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
  • Baseboard Heating

About This Home

Prime Bay Ridge Mixed Use Corner Building, 3 Commercial Stores & 4 (1) Bedroom Apts, All Tenants are Month to Month, Gross Income 187,476, Building 25x100, Conveniently Located to all that Bay Ridge Has to Offer! Seller Financing Available! Excellent Investment Opportunity, Call for Details and a Private Showing. All Offers Must Accompany Proof of Funds/Pre Approval Letter.

Listing Agent

Maria Castellano

Listed on: 01/15/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $31,757

Year Built

  • Built in 1929

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Irregular Lot
  • Property is zoned R6B

Home Design

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

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5950

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $8,232
  • Utility Expense $900
  • Gross Income $187,476
  • Net Operating Income $131,639

Property Details

Property Type

Other

Est. Annual Taxes

$31,757

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 25.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 76th St
  • Cross Street Name2: 77th St
  • Heat Delivery: Baseboard, Steam/Radiator
  • Number Of Families: 4
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5000
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Year Built: 1929
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick, Stucco
  • Foundation Details: Poured Concrete
  • Lot Number: 1
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 8232.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 55840.00
  • Annual Gross Income: 187476
  • Property Net Operating Income: 131639.00
  • Unit Count: 7
  • Annual Utility Expenses: 900.00

Tax Info

  • Flip Tax Amount: 31757.00

Map

Range of Values:

--
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 $31,757 $473,850 $8,100 $465,750
2024 $31,757 $443,520 $8,100 $435,420
2023 $28,852 $554,400 $8,100 $546,300
2022 $27,188 $544,950 $8,100 $536,850
2021 $27,259 $436,050 $8,100 $427,950
2020 $12,726 $475,650 $8,100 $467,550
2019 $24,643 $480,150 $8,100 $472,050
2018 $23,011 $180,922 $3,010 $177,912
2017 $21,741 $170,935 $3,266 $167,669
2016 $22,037 $170,935 $3,461 $167,474
2015 $13,247 $162,328 $3,516 $158,812
2014 $13,247 $150,304 $3,593 $146,711
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 For Sale $2,799,000 -- $560 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 488618

Brooklyn Board of REALTORS®

APN: 05950-0001

New York Kings County Brooklyn 11209 Bay Ridge

7623 3rd Ave, Brooklyn, NY

For Sale

Other

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Maria Castellano
Listing Agent
Maria Castellano
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(929) 356-7186