7516 3rd Avenue

Bay Ridge

$1,795,000
Price
Beds
3,240 Sq. Ft.
$554 / Sq. Ft.
3,240
Sq. Ft.
$554
per Sq. Ft.

Description

Prime location! Newly listed mixed-use building on 3rd avenue in bay ridge! Featuring 2 Apartments + 1 Store.  The retail store is approximately 1500 SF, recently renovated with high ceilings, exposed brick wall, recessed lights, showroom, 2 private offices and conference room. The basement is full sized finished.  The tenant has a lease in place until December 2025. The first-floor apartment is 2 bedrooms and 1 full bath, including a newly renovated open concept kitchen overlooking the living/dining...Prime location! Newly listed mixed-use building on 3rd avenue in bay ridge! Featuring 2 Apartments + 1 Store.  The retail store is approximately 1500 SF, recently renovated with high ceilings, exposed brick wall, recessed lights, showroom, 2 private offices and conference room. The basement is full sized finished.   The tenant has a lease in place until December 2025. The first-floor apartment is 2 bedrooms and 1 full bath, including a newly renovated open concept kitchen overlooking the living/dining room, tiled bath with shower, and two bedrooms, each with closets. The second floor is a 3-bedroom 1 full bath apartment, including a renovated eat-in kitchen, tiled bath, and 3 bedroom all with closets. Both apartments have high ceilings, NEST controlled heat, new electric service and new plumbing. The building has a newer roof (8 years old), new water tank, & security system. Located right on 3rd avenue in a high-volume foot traffic area, Minutes to the R-train and close to all the amenities in the neighborhood including Starbucks, Citibank, & the Supermarket.
  1. Listed by Milan Obradovic • Jabour Realty Company
  2. Listed by Wade Jabour • Jabour Realty Company

Amenities

  • Exposed Brick
  • High Ceilings
  • Walk Up
  • Eat-in Kitchen
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/01/2024 10:54 AM

Property Details for 7516 3rd Avenue

StatusActive
MLS ID485901
Days on Market71
Taxes$12,002 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size1,440 SF / 18' x 80'
CountyKings County

Building

7516 3rd Ave

3 Units3 StoriesBuilt in 1930

Building Information for 7516 3rd Avenue

Stories3Residences3Year Built1930Lot Size1,440 SF / 18' x 80'Building Age-Building Type-

Property Information for 7516 3rd Avenue

Summary
Location and General Information
  • Block: 5939
  • Number Of Stories: 1
  • Cross Street Name: 75th St
  • Cross Street Name: 76th St
  • Zoning: R6B
  • Roof: Flat, Rubber
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 12002.0
  • Gross Expense: 18392.0
  • Gross Income: $107,800.00
  • Cap Rate: .05%
Property
Lot Information
  • Sq Ft Total: 3240
  • Yard: Back, Fenced - Full
  • Lot Number: 44
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 600.0
  • Fuel Expense: 2250.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: Restrooms - Staff, Security Alarm, Window Display
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Laminate
  • Unit Count: 3
  • Lavatories: 1
  • Construction Materials: Masonry
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1260.0
  • Building Length: 70.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 4350.0
  • Unit Date Available: 12-31-2025
  • Unit Room Description: Optical Store
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2100.0
  • Unit Date Available: 08-31-2025
  • Unit Floor: 2
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2200.0
  • Unit Date Available: 08-31-2025
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Agent
Agent Information
  • Net Operating Income: 89448.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3500.0
  • Owner Occupied: No

Property History for 7516 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7516 3rd Avenue

Taxable ValueLand$22,380Additions$67,860Total$90,240
Home Facts
Total Finished SqFt2,970 SqFtLot Size1,440 SqFtYear Built1930ZoningR6BAPN3059390044

Schools near 7516 3rd Avenue

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 102 The Bayview
PublicK to 5

Jhs 259 William Mckinley
Public6 to 8

Fort Hamilton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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7516 3rd Avenue is a mixed use property for sale in Bay Ridge. This property was listed for sale on September 10, 2024 by Jabour Realty Company, it's currently listed at $1,795,000. It has been on the market for a total of 71 days and was last sold on June 7, 2013. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 102 The Bayview, Jhs 259 William Mckinley and Fort Hamilton High School. 7516 3rd Avenue is a 0-bed, 0-bath, 3,240 sqft mixed use property built in 1930.

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Listing Courtesy of Jabour Realty Company

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