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.
For sale
$1,990,000
3903 7th Ave, Brooklyn, NY 11232
--beds
2,448sqft
Mixed Use
Built in 1899
1,430 Square Feet Lot
$-- Zestimate®
$813/sqft
$-- HOA
What's special
Brick house
- 427 days
- 131
- 1
Zillow last checked:
Listing updated:
Listed by:
RE/MAX Edge 718-612-3088,
Yu-Fen (Madeline) Chiu 718-808-3035,
Ping Chen 917-536-3632,
RE/MAX Edge
Source: BNYMLS,MLS#: 493863
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 3
- 1/2 bathrooms: 3
Heating
- Natural Gas, Baseboard, Steam/Radiator
Cooling
- Has cooling: Yes
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Tile
- Basement: Finished
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
Property
Parking
- Parking features: None
Features
- Stories: 2
Lot
- Size: 1,430 Square Feet
- Dimensions: 18x78
- Features: Back Yard
Details
- Foundation area: 1224
- Parcel number: 009150107
- Zoning: M1-2
- Special conditions: Arm's Length
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Block
- Roof: Flat
Condition
- Year built: 1899
Utilities & green energy
- Electric: 110 V, 220 Volts
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $813/sqft
- Tax assessed value: $1,622,000
- Annual tax amount: $6,399
- Date on market: 7/3/2025
- Cumulative days on market: 427 days
- Total actual rent: 57720
Estimated market value
Not available
Estimated sales range
Not available
$5,725/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2025 | Listed for sale | $1,990,000$813/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,588 +4.7% | $97,320 +12.3% |
| 2024 | $6,291 | $86,640 +2.6% |
| 2023 | -- | $84,480 +16.5% |
| 2022 | -- | $72,540 +12.2% |
| 2021 | -- | $64,680 +2.9% |
| 2020 | $5,560 +6.3% | $62,880 +15% |
| 2019 | $5,228 +1.5% | $54,660 +122% |
| 2018 | $5,151 +3.8% | $24,624 +1.2% |
| 2017 | $4,961 +8.9% | $24,336 |
| 2016 | $4,555 | $24,336 +5.6% |
| 2015 | $4,555 +78.7% | $23,056 +6% |
| 2014 | $2,549 | $21,751 |
Find assessor info on the county website




