7624 5th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $11,246/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
| 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
| 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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