7404 3rd Avenue

7404 3rd Ave
Bay Ridge

$3,600,000
Price
—
Beds
—
Baths
7,400 Sq. Ft.
$486 / Sq. Ft.
7,400
Sq. Ft.
$486
per Sq. Ft.
a car parked in front of a brick building
a sign that is on the side of a building
a city view
a large room with gym equipment
a view of a fireplace in a room
a kitchen with a refrigerator and a stove
a white refrigerator freezer sitting in a kitchen
a white refrigerator freezer sitting next to a wooden wall
a car parked in front of a building

Description

Rare street-corner mixed-use building offers both residential and commercial spaces, located in the heart of Bay Ridge’s vibrant 3rd Avenue business district. With excellent visibility, close proximity to the subway, and convenient transportation options, this property promises strong rental income and stable cash flow. The building sits on a 3,200 sqft lot, with a 40 × 60 ft lot. The residential portion includes a 4-bedroom, 2-bath unit on the second floor (1,800 sqft, delivered vacant), a fully...Rare street-corner mixed-use building offers both residential and commercial spaces, located in the heart of Bay Ridge’s vibrant 3rd Avenue business district. With excellent visibility, close proximity to the subway, and convenient transportation options, this property promises strong rental income and stable cash flow. The building sits on a 3,200 sqft lot, with a 40 × 60 ft lot. The residential portion includes a 4-bedroom, 2-bath unit on the second floor (1,800 sqft, delivered vacant), a fully renovated (approx. 5 years ago) 5-bedroom, 1-bath, 2-bath unit on the third floor, and a newly renovated 4-bedroom, 1-bath, 2-bath unit at the back of the second floor. The commercial section features two prime retail spaces on the corner, offering excellent street exposure. The property generates a total rental income of $20,430/month, or $245,160/year. Operating expenses are $35,296 annually, resulting in a Net Operating Income (NOI) of $209,864/year, with a cap rate of 5.83%. Each unit has separate heating and hot water systems, adding flexibility for both residential and commercial tenants. With stable tenants and strong cash flow, this is a must-see investment opportunity!
  1. Listed by David Feng • E House Realty & Mgt. Inc.
  2. Listed by Selyna D. Eng • E House Realty & Mgt. Inc.

Amenities

  • Walk Up
  • Voice Intercom
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/11/2025 02:17 PM

Property Details for 7404 3rd Avenue

StatusActive
MLS ID495979
Days on Market84
Taxes$24,296 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1939
Lot Size3,200 SF / 40' x 60'
CountyKings County

Building

7404 3rd Ave

5 Units3 StoriesBuilt in 1939

Location

Listing Courtesy of E House Realty & Mgt. Inc.
Add your commute

Building Information for 7404 3rd Avenue

Stories3Residences5Year Built1939Lot Size3,200 SF / 40' x 60'Building Age-Building Type-

Payment Calculator

$19,814 per month

30 year fixed, 6.28% Interest

Principal and Interest

$17,789

Property Taxes

$2,025

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7404 3rd Avenue

Summary
Location and General Information
  • Block: 5928
  • Number Of Stories: 2
  • Cross Street Name: 74th Street
  • Zoning: R6B
  • Roof: Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 24296.0
  • Gross Expense: 35296.0
  • Gross Income: $245,160.00
Property
Lot Information
  • Sq Ft Total: 7400
  • Yard: None
  • Lot Number: 39
  • Lot Size Irregular YN: No
  • Lot Size Length: 60
  • Lot Size Width: 40
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 600.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Commercial Features Interior: None
  • Foundation Details: Block
  • Flooring: Hardwood
  • Unit Count: 0
  • Lavatories: None
  • Construction Materials: Brick
  • Electric: 110 V, 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 2400.0
  • Building Length: 60.0
  • Building Type: Semi-Detached
  • Building Width: 40.0
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 8000.0
  • Owner Occupied: No

Property History for 7404 3rd Avenue

DateEvent & SourcePriceAppreciationLink
Sep 20, 2025

Listed (Active)

BKMLS #495979

$3,600,000——
May 30, 2019

Sold (Public Record)

ACRIS #2019060700818001

$2,500,000—
DateEvent & SourcePrice
09/20/2025

Listed (Active)

BKMLS #495979

$3,600,000
05/30/2019

Sold (Public Record)

ACRIS #2019060700818001

$2,500,000

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

Public Records for 7404 3rd Avenue

Taxable ValueLand$113,400Additions$733,950Total$847,350
Tax Record2025$24,296 ($2,025 / month) Tax Class2ATax Rate12.5%
Home Facts
Total Finished SqFt7,400 SqFtLot Size3,145 SqFtYear Built1939ZoningR6BAPN3059280039

Schools near 7404 3rd Avenue

This home is within New York City Geographic District #20.
Rating
School
Type
Grades
Distance
P.S. 102 The Bayview
Public - K to 5
Jhs 259 William Mckinley
Public - 6 to 8
Fort Hamilton High School
Public - 9 to 12
Sunset School of Cultural Learning
Public - K to 2
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

Sunset School of Cultural Learning
PublicK to 2

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.

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More information about 7404 3rd Avenue, Bay Ridge

7404 3rd Avenue is a mixed use property for sale in Bay Ridge. This property was listed for sale on September 20, 2025 by E House Realty & Mgt. Inc., it's currently listed at $3,600,000. It has been on the market for a total of 84 days and was last sold on May 30, 2019. This listing's school district is New York City Geographic District #20. Nearby schools include P.S. 102 The Bayview, Jhs 259 William Mckinley and Fort Hamilton High School. 7404 3rd Avenue is a 0-bed, 0-bath, 7,400 sqft mixed use property built in 1939.

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 E House Realty & Mgt. Inc.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 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 2025, 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. ©2025 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.©2025 The Real Estate Board of New York, Inc., All rights reserved.