7315 3rd Avenue

Bay Ridge

$1,998,000
Price
4
Beds
6
Baths
3,000 Sq. Ft.
$666 / Sq. Ft.
3,000
Sq. Ft.
$666
per Sq. Ft.

Description

[ONLY CASH BUYERS] Introducing a Semi-Detached Mixed-Use investment property located in the most desired and wanted neighborhood, Bay Ridge. The property has a Building Size of 20x50 sitting on a 20x100 lot. Taxes are $14,509/year. This stunning property consists of one prime commercial store with an extension on the ground floor and 4 residential 1-bedroom units above in well-maintained and excellent condition at a free-market rent. This investment property also features a full basement for storage...[ONLY CASH BUYERS] Introducing a Semi-Detached Mixed-Use investment property located in the most desired and wanted neighborhood, Bay Ridge. The property has a Building Size of 20x50 sitting on a 20x100 lot. Taxes are $14,509/year. This stunning property consists of one prime commercial store with an extension on the ground floor and 4 residential 1-bedroom units above in well-maintained and excellent condition at a free-market rent. This investment property also features a full basement for storage and a spacious backyard with a brand-new boiler, and roof. The Commercial Store has a 3-year left from the lease which states that the current tenant is responsible for 50% of the taxes and 67% of the water bill. What's more excellent about this property is that it generates a gross income of $139,560, after a total expense of $21,609/year, the building still generates a CAP Rate of 5-6% a year. The location of this property brings add-in value due to the heavy foot and car traffic. Near to all shopping, restaurants, and all kinds of transportation. This would be perfect for someone looking to grow and expand a business and someone looking to get a stream of income! Please have the pre-approval or proof of funds ready before showing per the owner's request. Won't Last!
  1. Listed by Karla Ng Mok • Century 21 Realty First
  2. Listed by Anthony Frazzetta • Century 21 Realty First

Amenities

  • Ground Floor
  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Full Basement
  • Parking Included
  • Lowrise

Location

Listing Courtesy of Century 21 Realty First
Add your commute
LISTING UPDATED: 04/02/2024 04:02 PM

Property Details for 7315 3rd Avenue

StatusActive
MLS ID479635
Days on Market87
Taxes$14,509 / year
Maintenance-
Min. Down Pymt-
Total Rooms2.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1915
Lot Size1,000 SF / 20' x 100'
CountyKings County

Building

7315 3rd Ave

5 Units3 StoriesBuilt in 1915

Location

Listing Courtesy of Century 21 Realty First
Add your commute

Building Information for 7315 3rd Avenue

Stories3Residences5Year Built1915Lot Size1,000 SF / 20' x 100'Building Age-Building Type-

Payment Calculator

$12,113 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,904

Property Taxes

$1,209

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7315 3rd Avenue

Summary
Location and General Information
  • Block: 5918
  • Number Of Stories: 1
  • Cross Street Name: 73rd St
  • Cross Street Name: 74th St
  • Zoning: R6B, C1-3
  • Roof: Flat, Rubber
  • Water Front Present YN: No
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Cash
  • Tax Amount: 14509.0
  • Gross Income: $139,560.00
Property
Lot Information
  • Sq Ft Total: 3000
  • Yard: Back
  • Lot Number: 4
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Baseboard, Hot Water
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 600.0
  • Fuel Expense: 4500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Unfinished
  • Commercial Features Interior: None
  • Foundation Details: Poured Concrete
  • Flooring: Carpeting, Hardwood, Tile, Other
  • Unit Count: 5
  • Number Of Available Units: 4
  • Lavatories: 4+
  • Construction Materials: Brick
  • Electric: 110 V, 220 V, Circuit Breakers
  • Ceiling Height: 11-15 Foot
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1000.0
  • Building Length: 50.0
  • Building Type: Semi-Detached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 5630.0
  • Unit Features: Appliances Included, Dishwasher, Oven/Range, Other
  • Unit Floor: 1FL
  • Unit Status: Leased
  • Unit Unit Type: Restaurant
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1700.0
  • Unit Features: Appliances Included,Heat Included,Refrigerator,Water Included,Other
  • Unit Floor: 2F
  • Unit Rooms Total: 3
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1350.0
  • Unit Features: Appliances Included,Heat Included,Oven/Range,Refrigerator,Water Included,Other
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1450.0
  • Unit Features: Appliances Included,Heat Included,Oven/Range,Refrigerator,Water Included,Other
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Features: Appliances Included,Heat Included,Oven/Range,Refrigerator,Water Included
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4100.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No

Property History for 7315 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 7315 3rd Avenue

Taxable ValueLand$86,850Additions$258,300Total$345,150
Home Facts
Total Finished SqFt3,000 SqFtLot Size2,000 SqFtYear Built1915ZoningR6BAPN3059180004

Schools near 7315 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.

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7315 3rd Avenue is a mixed use property for sale in Bay Ridge. This property was listed for sale on February 1, 2024 by Century 21 Realty First, it's currently listed at $1,998,000. 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. 7315 3rd Avenue is a 4-bed, 6-bath, 3,000 sqft mixed use property built in 1915.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Realty First

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.