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 Market100
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 100 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.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jabour Realty Company

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.