3903 7th Ave Brooklyn, NY 11232
Sunset Park NeighborhoodEstimated payment $11,556/month
Highlights
- Wood Flooring
- Baseboard Heating
- Back Yard
- Cooling Available
- Heating System Uses Steam
About This Home
Prime NEWLY RENOVATED, TURNKEY MIXED-USE PROPERTY located in the heart of Sunset Park, offering stable commercial income and residential living. The BRICK HOUSE underwent a GUT RENOVATION IN 2017. The first-floor retail space is currently leased at $3,100 per month with a 3% annual rent increase, ensuring steady cash flow from day one. Projected rental income totals approximately $8,500 per month ($102,000 annually), with the first floor—including basement storage—estimated at $4,000/month, and the second-floor unit projected at $4,500/month. Excellent potential for strong cap rate return.
The second floor features a bright and spacious 5-bedroom, 2-full bath, and one-half bath apartment with an open-concept living room and kitchen—ideal for owner-occupancy or generating additional rental income.
The basement has convenient front and rear entrances and includes a half bathroom, offering flexible options for storage or other uses. Each unit is equipped with separate boilers, hot water heaters, and tenants are responsible for their own utilities, ensuring lower operating costs.
This well-maintained, move-in-ready property presents an exceptional investment opportunity in a high-demand location. Don’t miss out on this rare chance! Schedule a private showing today to secure both future appreciation and stable returns.
Property Details
Property Type
- Other
Est. Annual Taxes
- $6,399
Year Built
- Built in 1899
Lot Details
- Lot Dimensions are 18.33x78
- Back Yard
- Property is zoned M1-2
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2-Story Property
- Finished Basement
Flooring
- Wood
- Tile
Utilities
- Cooling Available
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Community Details
- Fuel Expense $1,250
- Insurance Expense $4,500
- Utility Expense $1,300
- Gross Income $45,621
Listing and Financial Details
- Tax Block 915
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,010 | $97,320 | $11,160 | $86,160 |
| 2024 | $6,010 | $86,640 | $11,160 | $75,480 |
| 2023 | $5,717 | $84,480 | $11,160 | $73,320 |
| 2022 | $5,543 | $72,540 | $11,160 | $61,380 |
| 2021 | $5,850 | $64,680 | $11,160 | $53,520 |
| 2020 | $4,387 | $62,880 | $11,160 | $51,720 |
| 2019 | $5,167 | $54,660 | $11,160 | $43,500 |
| 2018 | $4,722 | $24,624 | $6,034 | $18,590 |
| 2017 | $4,661 | $24,336 | $6,393 | $17,943 |
| 2016 | $4,555 | $24,336 | $7,672 | $16,664 |
| 2015 | $2,549 | $23,056 | $8,716 | $14,340 |
| 2014 | $2,549 | $21,751 | $9,867 | $11,884 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $1,990,000 | -- | $813 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 493863
APN: 00915-0107
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