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7404 3rd Avenue, Brooklyn, NY 11209

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For Sale

$3,600,000

7,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $486.49
    Price per square foot

  • Over 50 Years Old
    Age

Explore 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!
MLS# 495979

Courtesy Of E House Realty & Mgt. Inc.

(718) 680-2776

Open Houses

September

27

Saturday

In Person

Saturday, September 27, 2025

12:00PM - 2:00PM

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood
  • Lot Size
    0.07 Acres

Map and Directions

Directions to 7404 3rd Avenue, Brooklyn, NY 11209

Home seller CENTURY 21 Awaye Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Awaye Realty

(718) 488-0800
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.