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    7404 3Rd Ave Brooklyn, NY 11209

    For Sale
    $3,600,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    7,400 SF
    Lot size:
    0.07 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 7404 3Rd Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R6B
    Size
    7,400 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1939
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Architectural style
    Other

    E House Realty & Mgt. Inc. (718) 680-2776

    Listing agent David Feng (718) 680-2776

    Listing date Oct 3, 2025

    MLS# 495979 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bay Ridge Mixed-Use Investment

    Located in the heart of Bay Ridge's 3rd Avenue business district, this mixed-use building offers both residential and commercial spaces. The property sits on a 3,200 sqft lot, with a 40 x 60 ft lot. The residential portion includes a 4-bedroom, 2-bath unit on the second floor (1,800 sqft, delivered vacant), a renovated 5-bedroom, 1-bath, 2-bath unit on the third floor, and a renovated 4-bedroom, 1-bath, 2-bath unit at the back of the second floor. The commercial section features two retail spaces on the corner, offering 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. The property has excellent visibility, close proximity to the subway, and convenient transportation options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Virtual Cravings Restaurant City Plus Spa Massage Spa AK&SR SPA Massage Spa TORTAS EDÉN Mexican Restaurant Ice Deli Deli

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.027933
    Latitude
    40.631901

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Bay Ridge with residential and commercial spaces.
    Where is this mixed-use property located?
    The property is located at 7404 3Rd Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $209,864/year and a 5.83% cap rate, indicating a strong return on investment.; - Prime location in the heart of Bay Ridge's 3rd Avenue business district with excellent street visibility and convenient transportation.; - Mixed-use property with both residential and commercial spaces, offering diversified income streams.
    (718) 680-2776
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    7404 3Rd Ave Brooklyn, NY 11209
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    Brooklyn, NY 11209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7404 3Rd Ave Brooklyn, NY 11209
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