7624 5th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $11,207/month
Highlights
- Wood Flooring
- 3-minute walk to 77 Street (R Line)
- Back Yard
- P.S./I.S. 30 - The Mary White Ovington School Rated A-
- Heating System Uses Steam
About This Home
Well maintained mixed-use building (3,655 square feet) in prime Bay Ridge, featuring two 2-bedroom apartments and one retail space. Fully occupied, all tenants are on a month-to-month basis, offering immediate flexibility and upside potential. Projected rents of $3,000/month per apartment and $6,000/month for the store bring total projected annual income to $144,000, with low annual expenses of $29,448. Located in a high foot and car traffic corridor, just minutes away from the R train and a short distance to the B63 bus and B4 bus, this property offers strong income potential in one of Brooklyn’s most sought-after neighborhoods. Sellers are motivated, present all offers!
Property Details
Property Type
- Other
Est. Annual Taxes
- $14,639
Year Built
- Built in 1931
Lot Details
- 1,694 Sq Ft Lot
- Lot Dimensions are 79 x 21
- Irregular Lot
- Back Yard
- Property is zoned R6B
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Poured Concrete
Interior Spaces
- 3,655 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Ceramic Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 5951
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $5,091
- Insurance Expense $5,900
- Utility Expense $1,168
- Gross Income $89,400
- Net Operating Income $59,952
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,337 | $108,540 | $22,380 | $86,160 |
| 2025 | $12,582 | $107,100 | $22,380 | $84,720 |
| 2024 | $12,582 | $111,000 | $22,380 | $88,620 |
| 2023 | $11,870 | $98,100 | $22,380 | $75,720 |
| 2022 | $11,031 | $93,060 | $22,380 | $70,680 |
| 2021 | $11,978 | $84,960 | $22,380 | $62,580 |
| 2019 | $10,920 | $84,060 | $22,380 | $61,680 |
| 2018 | $11,131 | $49,248 | $13,507 | $35,741 |
| 2017 | $9,922 | $48,672 | $14,317 | $34,355 |
| 2016 | $9,730 | $48,672 | $17,176 | $31,496 |
| 2015 | $5,612 | $46,112 | $18,201 | $27,911 |
| 2014 | $5,612 | $43,502 | $19,764 | $23,738 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $1,849,000 | -- | $506 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 501074
APN: 05951-0051
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