7516 3rd Avenue

Beds
Baths
3,240 Sq. Ft.
$585 / Sq. Ft.
3,240
Sq. Ft.
$585
per Sq. Ft.

Description

Well-maintained mixed-use building located on 3rd Avenue in the heart of Brooklyn. This three-story property features a street-level commercial space currently operating as an optical store, with two residential apartment units above. A solid opportunity for investors seeking steady income in an established neighborhood with strong foot traffic and transit access. Ideal for owner-users or long-term hold investors. Built in 1930, 7516 3rd Avenue is a three-story mixed-use building consisting of three...Well-maintained mixed-use building located on 3rd Avenue in the heart of Brooklyn. This three-story property features a street-level commercial space currently operating as an optical store, with two residential apartment units above. A solid opportunity for investors seeking steady income in an established neighborhood with strong foot traffic and transit access. Ideal for owner-users or long-term hold investors. Built in 1930, 7516 3rd Avenue is a three-story mixed-use building consisting of three units. The first floor is configured as a retail storefront currently utilized as an optical store, offering excellent visibility along a well-trafficked corridor. The second and third floors each feature residential apartment units, providing a classic mixed-use layout with diversified income potential. The property benefits from a traditional pre-war structure and a prime Brooklyn location, making it suitable for investors seeking a combination of commercial and residential use.
  1. Listed by Quan Ya ( Kenny) Guan • Guan Realty Corp

Amenities

  • Exposed Brick
  • High Ceilings
  • Walk Up
  • Eat-in Kitchen
  • Basement
  • Parking Included
  • Lowrise
  • Traditional
LISTING UPDATED: 02/24/2026 01:38 PM

Property Details for 7516 3rd Avenue

StatusActive
MLS ID498783
Days on Market26
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

Location

Listing Courtesy of Guan Realty Corp
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Building Information for 7516 3rd Avenue

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

Payment Calculator

$10,236 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,236

Property Taxes

$1,000

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7516 3rd Avenue

Summary
Location and General Information
  • Block: 5939
  • Number Of Stories: 1
  • Cross Street Name: 75th Street
  • Cross Street Name: 76th Street
  • Roof: Flat
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
  • Yard: None
  • 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: Hot Water Coil in Boiler
  • Utility Expense: 600.0
  • Fuel Expense: 2250.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: None
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Laminate
  • Unit Count: 3
  • Lavatories: Unknown
  • Construction Materials: Masonry
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Type: Attached
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 4350.0
  • Unit Date Available: 12-31-2025
  • Unit Room Description: Optical Store
  • Unit Features: None
  • 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: 2300.0
  • 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: 2350.0
  • 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 & SourcePriceAppreciationLink
Feb 24, 2026

Price Change

BKMLS #498783

$1,895,000
Feb 4, 2026

Price Change

BKMLS #498783

$1,950,000
Feb 4, 2026

Listed (Active)

BKMLS #498783

$1,795,000
Jan 22, 2026

Temporarily Off Market

BKMLS #485901

$1,795,000
Apr 10, 2025

Contract Signed

BKMLS #485901

Oct 23, 2024

Price Change

BKMLS #485901

$1,795,000
Sep 10, 2024

Listed (Active)

BKMLS #485901

$1,895,000
Jun 7, 2013

Sold

BKMLS #376388

$65,000
Jun 7, 2013

Contract Signed

BKMLS #376388

Mar 7, 2013

Listed (Active)

BKMLS #376388

$149,000
Jul 26, 2011

Sold (Public Record)

ACRIS #2011080400491002

$950,000
DateEvent & SourcePrice
02/24/2026

Price Change

BKMLS #498783

$1,895,000
02/04/2026

Price Change

BKMLS #498783

$1,950,000
02/04/2026

Listed (Active)

BKMLS #498783

$1,795,000
01/22/2026

Temporarily Off Market

BKMLS #485901

$1,795,000
04/10/2025

Contract Signed

BKMLS #485901

10/23/2024

Price Change

BKMLS #485901

$1,795,000
09/10/2024

Listed (Active)

BKMLS #485901

$1,895,000
06/07/2013

Sold

BKMLS #376388

$65,000
06/07/2013

Contract Signed

BKMLS #376388

03/07/2013

Listed (Active)

BKMLS #376388

$149,000
07/26/2011

Sold (Public Record)

ACRIS #2011080400491002

$950,000

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$74,160Total$96,540
Home Facts
Total Finished SqFt2,970 SqFtLot Size1,440 SqFtYear Built1930ZoningR6BAPN3059390044

Schools near 7516 3rd Avenue

This home is within New York City Geographic District #20.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

7516 3rd Avenue is a mixed use property for sale in Bay Ridge. This property was listed for sale on February 4, 2026 by Guan Realty Corp, it's currently listed at $1,895,000. It has been on the market for a total of 26 days and was last sold on June 7, 2013. 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. 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 Guan Realty Corp

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