Ad #7954667
MLS #495979
Rare street-corner mixed-use building offers both residential
7404 3rd Ave, Brooklyn, NY 11209
$3,580,000
--Beds
--Baths
7,400Sqft
0.07Acres
About this property
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!
Property Features
0 Beds
0 Baths
7,400 Sqft
Built in 1939
0.07 Acres
3 Stories
Siding: Brick
$24,296 / yr property tax
Kings County
Additional Photos
Contact Information
David Feng
E House Realty & Mgt. Inc.
718-680-2776
Location
Listing Agent: David Feng 718-680-2776
Broker: E House Realty & Mgt. Inc. 718-680-2776 Listing Site
Copyright © 2026 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.
Broker: E House Realty & Mgt. Inc. 718-680-2776 Listing Site
Copyright © 2026 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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$3,580,000
--
Beds
--
Baths
7,400
Sqft
7404 3rd Ave, Brooklyn, NY 11209
By contacting this agent you agree to these Terms and Conditions.
MLS# 495979
Rare street-corner mixed-use building offers both residential
$3,580,000
7404 3rd Ave, Brooklyn, NY 11209
--
Beds
--
Baths
7,400
Sqft
0.07
Acres
$3,580,000
7404 3rd Ave, Brooklyn, NY 11209
-- Beds
-- Baths
7,400 Sqft
0.07 Acres
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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Property Details
HOME DETAILS
0 Beds
0 Baths
7,400 Sqft
Built in 1939
0.07 Acres
3 Stories
EXTERIOR
Siding: Brick
FINANCIAL & COMMUNITY
$24,296 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7954667
Viewed
50 times
Listing Status
Active
Added
Jun 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
495979
Listing Agent: David Feng 718-680-2776
Broker: E House Realty & Mgt. Inc. 718-680-2776 Listing Site
Copyright © 2026 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.
Broker: E House Realty & Mgt. Inc. 718-680-2776 Listing Site
Copyright © 2026 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.
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