7001 3rd Ave
Brooklyn, NY 11209
Bay Ridge- 8 Beds
- 4 Baths
- 5,850 sqft
8 Beds
4 Baths
5,850 sqft
Local Information
© Google
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Description
Prime 36ft Corner Mixed-Use Opportunity | R6B Zone.
Located in the heart of Bay Ridge, 7001 3rd Ave offers a massive 36' x 112' combined footprint
(20' primary lot + 16' adjacent lot), ensuring maximum exposure and foot traffic.
Current Unit Breakdown:
Ground Floor: 1,886 sq. ft. commercial interior 1,236 sq. ft. cellar 1,700 sq. ft. outdoor seating space.
2nd Floor: 1,117 sq. ft. beautifully renovated 3-bedroom apartment.
3rd Floor: 1,117 sq. ft. spacious 4-bedroom apartment.
Investment & Development Upside:
For the immediate investor, the property boasts a robust 6.5% projected cap rate. Alternatively, it currently offers a turn-key owner-occupancy setup. Beyond immediate income, this is a "builder’s dream" featuring 4,218 sq. ft. of additional buildable (2.0 FAR vs. current 0.99 FAR). R6B zoning allows for a maximum building height of 55 feet air rights.
The Location Play:
Sunset Park & Bay Ridge border $6 Billon Revitalization:
The Brooklyn Marine Terminal (BMT): The newly approved $3.5 billion Vision Plan is transforming the waterfront just blocks away.
Art & Innovation Hubs: The nearby Industry City and the "Made in NY" Campus at Bush Terminal continue to expand, anchoring the area as a world-class destination for technology, media, Music and film production.
NYU Langone Expansion: A $500 million investment is currently expanding hospital capacity and specialized care in Sunset Park.
Maimonides/H+H Merger: A $2.2 billion initiative to modernize medical facilities and expand healthcare access across Brooklyn and Bay Ridge.
This unprecedented influx of capital is a primary driver for a significant surge in local housing demand. This rare combination of immediate yield and massive future growth makes 7001 3rd Ave a standout asset at the border of Sunset Park and Bay Ridge.
Schedule a private showing today!
Located in the heart of Bay Ridge, 7001 3rd Ave offers a massive 36' x 112' combined footprint
(20' primary lot + 16' adjacent lot), ensuring maximum exposure and foot traffic.
Current Unit Breakdown:
Ground Floor: 1,886 sq. ft. commercial interior 1,236 sq. ft. cellar 1,700 sq. ft. outdoor seating space.
2nd Floor: 1,117 sq. ft. beautifully renovated 3-bedroom apartment.
3rd Floor: 1,117 sq. ft. spacious 4-bedroom apartment.
Investment & Development Upside:
For the immediate investor, the property boasts a robust 6.5% projected cap rate. Alternatively, it currently offers a turn-key owner-occupancy setup. Beyond immediate income, this is a "builder’s dream" featuring 4,218 sq. ft. of additional buildable (2.0 FAR vs. current 0.99 FAR). R6B zoning allows for a maximum building height of 55 feet air rights.
The Location Play:
Sunset Park & Bay Ridge border $6 Billon Revitalization:
The Brooklyn Marine Terminal (BMT): The newly approved $3.5 billion Vision Plan is transforming the waterfront just blocks away.
Art & Innovation Hubs: The nearby Industry City and the "Made in NY" Campus at Bush Terminal continue to expand, anchoring the area as a world-class destination for technology, media, Music and film production.
NYU Langone Expansion: A $500 million investment is currently expanding hospital capacity and specialized care in Sunset Park.
Maimonides/H+H Merger: A $2.2 billion initiative to modernize medical facilities and expand healthcare access across Brooklyn and Bay Ridge.
This unprecedented influx of capital is a primary driver for a significant surge in local housing demand. This rare combination of immediate yield and massive future growth makes 7001 3rd Ave a standout asset at the border of Sunset Park and Bay Ridge.
Schedule a private showing today!
Contact this Building
Home Highlights
Parking
No Info
Outdoor
Yes
HOA
None
Price/Sqft
$598
Listed
79 days ago
Last check for updates: about 9 hours ago
Listing by: Corcoran, (917) 209-9912
Anna Milat-Meyer
Singna Kwok
Source: StreetEasy, MLS#S1812076
Home Details for 7001 3rd Ave
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MLS Status: Active |
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Interior Details Number of Rooms: 12 |
Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 5850 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Washer/DryerDishwasherLaundry: Inside |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Floors: Hardwood |
View No View |
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Exterior Home Features Patio / Porch: OtherExterior: GardenGarden |
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Days on Market: 79 |
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Year Built Year Built: 1914 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
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Price List Price: $3,500,000Price Per Sqft: $598 |
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Direction & Address City: BrooklynCommunity: Bay Ridge |
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Listing Agent Listing ID: S1812076 |
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Building Area Building Area: 5850 Square Feet |
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Has an HOAHOA Fee: No HOA Fee |
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Special Conditions: Resale |
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Mls Number: S1812076Listing Url |
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HOA Amenities: LaundrySTREETEASY Property ID: 8614207STREETEASY Building ID: 213604 |
Price History for 7001 3rd Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 02/21/2026 | $3,500,000 | Listed For Sale | StreetEasy #S1812076 |
| 01/03/2026 | $3,590,000 | ListingRemoved | StreetEasy #S1773726 |
| 10/02/2025 | $3,590,000 | PriceChange | BNYMLS #493017 |
| 09/02/2025 | $3,780,000 | PriceChange | BNYMLS #493017 |
| 05/28/2025 | $3,788,000 | Listed For Sale | BNYMLS #493017 |
| 01/09/2018 | $3,075,000 | Sold | N/A |
| 07/11/2016 | $2,100,000 | Sold | N/A |
| 08/31/2006 | $1,495,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $16,422 |
| Assessment | $1,569,000 |
Home facts updated by county records
Comparable Sales for 7001 3rd Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Multi-Family Home | $2,100,000 | 03/05/26 | 6 | 3 | 3,000 | |
0.06 | Multi-Family Home | $1,600,000 | 01/09/26 | 5 | 3 | 3,000 | |
0.19 | Multi-Family Home | $1,805,000 | 07/24/25 | 6 | 3 | 3,120 | |
0.19 | Multi-Family Home | $1,200,000 | 02/05/26 | 6 | 4 | 2,750 | |
0.35 | Multi-Family Home | $2,650,000 | 11/01/25 | 5 | 6 | 3,910 | |
0.16 | Multi-Family Home | $1,800,000 | 01/27/26 | 4 | 3 | 2,880 | |
0.58 | Multi-Family Home | $2,275,000 | 08/28/25 | 8 | 4 | 3,500 | |
0.49 | Multi-Family Home | $1,820,000 | 08/21/25 | 8 | 3 | 4,000 | |
0.35 | Multi-Family Home | $1,960,000 | 03/10/26 | 7 | 3 | 2,158 | |
0.42 | Multi-Family Home | $1,380,000 | 09/30/25 | 12 | 6 | 5,549 |
Assigned Schools
These are the assigned schools for 7001 3rd Ave.
What Locals Say about Bay Ridge
At least 1005 Trulia users voted on each feature.
93 % Say there are sidewalks
92 % Say it's walkable to restaurants
91 % Say it's walkable to grocery stores
90 % Say it's dog friendly
83 % Say streets are well-lit
79 % Say people would walk alone at night
67 % Say kids play outside
63 % Say there's holiday spirit
63 % Say they plan to stay for at least 5 years
55 % Say neighbors are friendly
51 % Say yards are well-kept
49 % Say it's quiet
48 % Say there are community events
36 % Say car is needed
34 % Say there's wildlife
21 % Say parking is easy
Learn more about our methodology.
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