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7404 3rd Avenue

Brooklyn, NY 11209
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Bed --

Bed

Bath 0

Bath

SqFt7,400

Sqft

Acres0.07

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,580,000

AD Id : 67103622

MLS Id : 495979

Lot Size : 0.07 Acre

Living Area Size : 7,400

Year Built : 1939

County : Kings

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Feature Features

  • Flooring Information

    Hardwood
  • Roofing Information

    Other
  • Interior Features

    Roof: Other Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Natural Gas

  • Building Information

    Year Built: 1939 Building Area Total: 7400 Construction Materials: Brick Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 60 x 40 Lot Size Acres: 0.07 Lot Size Square Feet: 3200

  • Listing Price Information

    Listing Price: $3580000 Original Price: $3600000

  • Tax Information

    Tax Lot: 39 Tax Block: 5928 Annual Tax: $24296

  • Parking Information

    None
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
652 73rd Street, Brooklyn, NY, 11209 $1,690,000 9 5.5 4,824 4,824 SqFt
571 Bay Ridge Parkway, Brooklyn, NY, 11209 $1,338,000 7 2 2,400 2,400 SqFt
568 74th Street, Brooklyn, NY, 11209 $1,495,000 -- 3 --
7922 6th Avenue, Brooklyn, NY, 11209 $1,199,000 12 6 6,000 6,000 SqFt
8112 6th Avenue, Brooklyn, NY, 11209 $1,450,000 -- 2 2,240 2,240 SqFt
555 80th Street, Brooklyn, NY, 11209 $1,199,000 -- 6 5,760 5,760 SqFt
561 83rd Street, Brooklyn, NY, 11209 $1,880,000 7 5.5 2,440 2,440 SqFt
558 84th Street, Brooklyn, NY, 11209 $1,450,000 5 3 1,758 1,758 SqFt
526 77th Street, Brooklyn, NY, 11209 $1,290,000 11 6 4,920 4,920 SqFt
7304 5th Avenue, Brooklyn, NY, 11209 $1,850,000 -- -- 3,300 3,300 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/05/2026 @ 23:43

MLS: 495979 LISTED BY: David Feng, E House Realty & Mgt. Inc. 718-680-2776 SOURCE: Brooklyn Board of REALTORS

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