3 family property located in the heart of Brooklyn’s vibrant Sunset Park neighborhood. This well-maintained building sits on bustling 7th Avenue, a high-traffic commercial corridor known for its strong foot traffic and thriving local businesses. Surrounded by a dynamic mix of retail, dining, and cultural amenities, the property offers exceptional visibility and accessibility. Currently configured for residential use, the property presents a rare opportunity for conversion to commercial or mixed-use purposes, subject to zoning and city approvals. Ideal for investors, end-users, or business owners seeking a presence in one of Brooklyn’s most established and rapidly developing communities.
Sold for $2,000,000
$2,000,000
5003 7th Ave, Brooklyn, NY 11220
9beds
2,964sqft
Multi Family
Built in 1930
-- sqft lot
$1,970,700 Zestimate®
$675/sqft
$3,072 Estimated rent
Home value
$1,970,700
$1.75M - $2.21M
$3,072/mo
Zestimate® history
Owner options
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$3,072/mo
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$3,072/mo
Rent Zestimate®
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$11,882/mo
Est. payment
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$11,882/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Hang (Tyler) Chen 646-239-5999,
Tiger Realty
Source: BNYMLS,MLS#: 492714
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Hot Water
Cooling
- Has cooling: Yes
Appliances
- Included: Refrigerator, Stove, Gas Water Heater
Features
- Flooring: Hardwood, Tile, Other
- Basement: Finished,Full
Interior area
- Total structure area: 2,964
- Total interior livable area: 2,964 sqft
Property
Parking
- Parking features: Other
Features
- Stories: 3
Lot
- Size: 1,520 sqft
- Dimensions: 19x80
- Features: Back Yard
Details
- Foundation area: 1045
- Parcel number: 007940008
- Zoning: R7A
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- Year built: 1930
Utilities & green energy
- Electric: 110 V
Community & neighborhood
Location
- Region: Brooklyn
- Subdivision: Brooklyn
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Sold | $2,000,000-20%$675/sqft |
Source:  BNYMLS #492714 Report a problem | ||
| 8/22/2025 | Contingent | $2,500,000$843/sqft |
Source: StreetEasy #S1771784 Report a problem | ||
| 8/22/2025 | Pending sale | $2,500,000-13.2%$843/sqft |
Source: BNYMLS #492714 Report a problem | ||
| 5/15/2025 | Listed for sale | $2,880,000$972/sqft |
Source: BNYMLS #492714 Report a problem | ||
| 3/11/2021 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 3/10/2021 | Price change | $2,150-2.3%$1/sqft |
Source: StreetEasy Report a problem | ||
| 3/8/2021 | Price change | $2,200-4.3%$1/sqft |
Source: StreetEasy Report a problem | ||
| 3/5/2021 | Listed for rent | $2,300-4%$1/sqft |
Source: StreetEasy Report a problem | ||
| 2/6/2020 | Listing removed | $2,395$1/sqft |
Source: Brooklyn Property Group LLC Report a problem | ||
| 2/5/2020 | Listed for rent | $2,395$1/sqft |
Source: Brooklyn Property Group LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,654 -0.2% | $104,400 +11.9% |
| 2024 | $6,670 | $93,300 -14.6% |
| 2023 | -- | $109,200 +7.4% |
| 2022 | -- | $101,700 +4.6% |
| 2021 | -- | $97,260 +18.3% |
| 2020 | $5,915 +1% | $82,200 -6% |
| 2019 | $5,858 +7.2% | $87,420 +234.6% |
| 2018 | $5,465 +8.7% | $26,126 +5.9% |
| 2017 | $5,027 +8% | $24,661 +5.9% |
| 2016 | $4,655 | $23,288 |
| 2015 | $4,655 +80% | $23,288 +1% |
| 2014 | $2,586 | $23,064 +5.9% |
| 2013 | -- | $21,772 +5.9% |
| 2012 | -- | $20,551 +5.9% |
| 2011 | -- | $19,407 |
| 2010 | -- | $19,407 +1% |
| 2009 | -- | $19,220 +5.9% |
| 2008 | -- | $18,144 +5.9% |
| 2007 | -- | $17,126 +5.9% |
| 2006 | -- | $16,173 |
| 2005 | -- | $16,173 +1% |
| 2004 | -- | $16,017 +5.9% |
| 2003 | -- | $15,120 +5.9% |
| 2002 | -- | $14,272 +5.9% |
| 2001 | -- | $13,478 |
| 2000 | -- | $13,478 |
Find assessor info on the county website
Neighborhood: Sunset Park
Nearby schools
GreatSchools rating
- 5/10Ps 94 The Henry LongfellowGrades: K-5Distance: 0.2 mi
- 3/10GLOBAL INNOVATORS ACADEMYGrades: 6Distance: 0.6 mi
- NAWest Brooklyn Community High SchoolGrades: 10-11Distance: 0.7 mi
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