7623 3rd Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $18,036/month
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! Excellent Investment Opportunity, Call for Details and a Private Showing. All Offers Must Accompany Proof of Funds/Pre Approval Letter.
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
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | Price Changed | $2,900,000 | -90.0% | $580 / Sq Ft |
| 03/12/2026 03/12/26 | Price Changed | $29,000,000 | +936.1% | $5,800 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $2,799,000 | -- | $560 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 488618
APN: 05950-0001
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Ask me questions while you tour the home.