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3903 7th Avenue, Brooklyn, NY 11232
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$1,990,000
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Home Details for 3903 7th Avenue
Price
$1,990,000
Type
other
Year Build
1899
Sq. Ft.
2448
Lot Size
0.03
County
Kings
Basement
Finished
Tax
$6,399.24
MLS®️ Listing#
493863
On exitrealty.com
169 days
Property Description
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.
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- Heating Information
- Baseboard
- Steam
- Natural Gas
- Basement
- Finished
Listing Courtesy: RE/MAX Edge - 718-612-3088
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Brooklyn MLS. All Rights Reserved.
Fair Housing Notice
Fair Housing NoticeLast Updated: 2025-12-19 20:22:13
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$1,990,000
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EXIT REALTY PROFESSIONALS
6203 18th Ave, Brooklyn, NY 11204