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    7623 3Rd Ave Brooklyn, NY 11209

    For Sale
    $2,799,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    5,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    333
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 7623 3Rd Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R6B
    Size
    5,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas, Other (Heating), Steam

    Building Details

    Year built
    1929
    Floors in Building
    3
    Flooring type
    Hardwood, Laminate, Tile
    Building materials
    Brick, Stucco
    Roof type
    Flat
    Architectural style
    Other

    Brooklyn4U Rltyof DykerHeights (718) 236-1800

    Listing agent Maria Castellano (718) 236-1800

    Listing date Jan 15, 2025

    MLS# 488618 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 Corner Building

    This mixed-use corner building is located in Bay Ridge, Brooklyn. The property includes three commercial stores and four one-bedroom apartments. All tenants are currently on month-to-month leases. The building measures 25 feet by 100 feet. The gross income is $187,476. The lot size is approximately 0.057 acres. The property is zoned R6B and offers convenient access to the amenities of Bay Ridge. This property presents an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McAteer Florist Florist

    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
    -74.027978
    Latitude
    40.630122

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial stores and apartments in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 7623 3Rd Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,799,000.
    What are key features of this property?
    This property features: - Prime Bay Ridge corner location; - Mixed-use building featuring 3 commercial stores and 4 apartments; - Gross annual income of $187,476
    (718) 236-1800
    Request Owner's contact information
    7623 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
    7623 3Rd Ave Brooklyn, NY 11209
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