Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,300,000

· Closed October 10, 2024

7324 3RD Avenue
Closed For Sale Mixed Use

$2,300,000

$575 per sq ft

7324 3RD Avenue

Bay Ridge, Brooklyn

MLS® #RLS11005689

RLS at REBNY

Listing by Douglas Elliman Real Estate

5

Bedrooms

6

Baths

4,000

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 5
Bathrooms 6
Living Area 4,000 sq ft
Lot Size 1,600 sq ft
Year Built N/A
Ownership None
Property Taxes $22,560/yr
Neighborhood Bay Ridge
Floor 1 of 3

Property Highlights

  • Views: Other
  • Climate Control: Other

Property Details

Type Mixed Use
Ownership None
Total Rooms 13
Baths 6 Full
Floor 1 of 3
View Other
Cooling Other
Pets Yes
Living Area 4,000 sq ft
Structure Type MixedUse
Basement Other
Lot Size 1,600 sq ft
Parcel # 05917-0047
Block/Lot 05917/0047

Listing History

Event Date Price Change
Listed Jul 27, 2024 $3,400,000 -
Currently May 1, 2026 $2,300,000 -32.4%

Description

Bay Ridge Mixed Use Building for sale, located on the corner of 74th Street and 3rd Avenue. Building consists of 4 families and 2 commercial stores. All residential units are free market and all have no leases. Residential units all have new kitchen cabinets and appliances. The coffee shop lease expires on May 1, 2024 and the Butcher store expires November 1, 2024. Pre-war building built in 1915 has a lot size of 20 80 sq ft and building size of 20 60 sq ft. Full unfinished cellar. Ground floor consists of 2 commercial stores, 3rd and 4th floors are residential units. There is one 2-bedroom unit and three 1-bedroom units. Roof and boiler were replaced in 2019. Easy access to all stores, shops and restaurants along 3rd, 4th and 5th Avenues. Bus lines, few blocks to the 77th Street R train station. Short commute to Manhattan. Owner is motivated and ready to hear all offers..

Features & Amenities

Interior Features

Smoke Free In Unit

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 6
Stories 3
Structure MixedUse

Financial Details

RE Taxes $22,560/yr ($1,880/mo)
Original Price $3,400,000
Sale Price $2,300,000
Previous Price $3,400,000

Bay Ridge is a historic neighborhood in Southwest Brooklyn with views of the Verrazzano-Narrows Bridge and New York Harbor. Commercial corridors along 3rd and 5th Avenues run through the area, and the housing stock includes historic row houses, pre-war cooperatives, and modern condominiums, with Shore Road Park and the waterfront promenade to the west.

Bay Ridge Live Market Data

View Neighborhood

Active Listings

33

Median Asking Price

$1.20M

Median $/Sqft

$601

Avg Days on Market

N/A

New This Week

0

Price Reduced

36%

Sold (30 Days)

2

Median Sale Price

$504K

Live data from RLS at REBNY • Updated 5/1/26, 10:00 AM EST

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Location

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7324 3RD Avenue, Bay Ridge, Kings County

Building Information

Official NYC property records for this building

1915
Year Built
111 years old
3
Floors
4
Residential Units
R6B
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $399,600
Land Value: $8,100
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,600 SF
Building Area: 3,600 SF
Built FAR: 2.25
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $22,560, or roughly $1,880 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 6 full bathrooms.

The listed interior living area is 4,000 square feet. Verify dimensions independently during due diligence.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,300,000 for 4,000 sq ft, the asking price per square foot is approximately $575. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS11005689
First Listed: 9/3/2024
On Market: 7/27/2024
Price Changed: 10/10/2024
Closed: 10/10/2024
Contract Date: 7/27/2024

Listing Courtesy of Douglas Elliman Real Estate - Margaret Calarco

Listing Contact: (917) 282-5635

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 2:00 PM UTC

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