Seller's Agent in 2025
Rong Feng Li
RE/MAX Edge
(917) 622-0960
1 in this area
49 Total Sales
7917 5th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated Value: $1,993,059
Studio
--
Bath
3,990
Sq Ft
$500/Sq Ft
Est. Value
About This Home
As of October 2025Rare Opportunity in Prime Bay Ridge, Brooklyn!
This one-story, two-family mixed-use building is a must-have in your investment portfolio. All units are currently rented, generating a gross annual income of $134,400, with a 3% yearly increase.
The storefront, approximately 2,000 square feet including the ground floor and basement, is currently operating as a liquor store. It comes with a fresh 10-year lease and a 5-year renewal option. The commercial tenant pays $350 quarterly for water and 50% of any annual property tax increases.
The second and third floors each feature two-bedroom residential units, both occupied by reliable tenants who consistently pay rent on time.
The building was gutted and fully renovated a few years ago at a significant cost to the owner. The net income is approximately $116,000 per year.
Ideally located in the heart of Bay Ridge's commercial district, just minutes from the I-278 as well as from the R train, this property offers convenience and strong investment potential.
Rent roll and detailed expense information available upon request.
Property Details
Property Type
- Other
Est. Annual Taxes
- $12,581
Lot Details
- 1,933 Sq Ft Lot
- Lot Dimensions are 101 x 19
- Irregular Lot
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 3,990 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Ductless Heating Or Cooling System
- 220 Volts
- Electric Water Heater
Listing and Financial Details
- Tax Block 5981
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $4,000
- Gross Income $1,612,800
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2025
Closed on
Oct 3, 2025
Sold by
Bought by
Seller's Agent
Rong Feng Li
RE/MAX Edge
Buyer's Agent
Anne Chen
E Realty International Corp
List Price
$2,380,000
Sold Price
$1,900,000
Premium/Discount to List
-$480,000
-20.17%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,059
Avg. Annual Appreciation
6.08%
Purchase Details
Closed on
Feb 25, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.036%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 14, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.04%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | -- | ||
| $2,000,000 | -- | ||
| $1,000,000 | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $350,000 | ||
| Closed | $1,500,000 | ||
| Previous Owner | $900,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $1,900,000 | -8.7% | $476 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $2,080,000 | -12.6% | $521 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $2,380,000 | -- | $596 / Sq Ft |
| 06/03/2025 06/03/25 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $86,820 | $22,380 | $64,440 |
| 2025 | $12,582 | $85,320 | $22,380 | $62,940 |
| 2024 | $12,582 | $88,500 | $22,380 | $66,120 |
| 2023 | $12,002 | $90,360 | $22,380 | $67,980 |
| 2022 | $11,660 | $77,940 | $22,380 | $55,560 |
| 2021 | $12,292 | $71,940 | $22,380 | $49,560 |
| 2020 | $5,167 | $86,400 | $22,380 | $64,020 |
| 2019 | $10,920 | $86,400 | $22,380 | $64,020 |
| 2018 | $11,027 | $49,248 | $15,308 | $33,940 |
| 2017 | $9,922 | $48,672 | $16,224 | $32,448 |
| 2016 | $9,730 | $48,672 | $17,712 | $30,960 |
| 2015 | $5,538 | $46,112 | $19,132 | $26,980 |
| 2014 | $5,538 | $43,502 | $19,764 | $23,738 |
Source: Public Records
Agents Affiliated with this Home
-
Rong Feng Li
-
Anne Chen
A
Seller Co-Listing Agent in 2025
Anne Chen
E Realty International Corp
(718) 675-2020
1 in this area
2 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 493157
APN: 05981-0004
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