$1,898,000
Updated 2 years ago
Off Market

7022 3rd Ave

Bay Ridge, Brooklyn | 71st Street & Ovington Ave

6 Beds3,600 Square FeetMixed Use

$1,898,000
floors / apts3 / 2
Lot Size20'x100'
Built Size20'x60'
ZoneR6B
Building TypeLow-Rise
RE Taxes$13,020
Price Per SF
$527

Building Amenities

  • Voice Intercom

Property Description for 7022 3rd Ave

Excellent investment opportunity located in Prime Bay Ridge on 3rd Ave. Mixed use commercial building. Building consisting of 2 apartments which are 3 bedrooms each both apartments. First floor commercial store front with long established business. Incredible Opportunity for Investors. Please inquire for income and expenses.

Listing History for 7022 3rd Ave

Now
06/13/2024
POM by Cynthia Dgheim
Robert DeFalco Realty
03/12/2024
$1,898,000 [-$50,000] [2.6%]
Price Drop by Cynthia Dgheim
Robert DeFalco Realty

Building Details for 7022 3rd Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/2
Learn More About the Building

Contact Agent

Contact Agent

Cynthia Dgheim
Robert DeFalco Realty

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 94240TH