Kings  »  11209  »  3rd Ave  »  7118 3rd Ave

7118 3rd Avenue, Brooklyn, NY 11209 - Property report

Also known as: 7118 3rd Ave

Property image for 7118 3rd Avenue, Brooklyn, NY 11209
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Property type

Predominant Retail with Other Uses (K4)

Year built

1931

Lot sq. ft.

20,000

General information

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Address
Primary address
7118 3rd Avenue
Alternate address(es)
261-283 72nd St
7118-7124 3rd Ave
ZIP code
11209
Neighborhood
Bay Ridge
Borough
Brooklyn
Block & lot
05890-0043

Owner

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Building
Property type
Predominant Retail with Other Uses (K4)
Building sq. ft.
40,927
Building dimensions
88 ft x 169 ft
Buildings on lot
1
Stories
3
Year built
1931
Building material
Tax
Tax year
2026-2027
Property tax
$440,528
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100 ft x 200 ft
Lot sq. ft.
20,000

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
88 /100.  Excellent Transit
Bike score
81 /100.  Very Bikeable
School district
20
Community district
10
Closest police station
0.41 Miles
Closest fire station
0.30 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 7118 3rd Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 7118 3rd Avenue, Brooklyn, NY 11209

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/09/2023 - R
07/18/2022 - D		 Sundry Miscellaneous
(2023010600319001)		 XXXXXXXX XXXXXXXXXX
08/19/2020 - R
03/27/2020 - D		 Deed
(2020081901035001)		 XXXXXXXX XXXXXXXXXX XXXXXXXX XXXX XXX
11/01/2011 - R
10/17/2011 - D		 Assignment of Leases and Rents
(2011101900789001)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
11/01/2011 - R
10/17/2011 - D		 Subordination of Mortgage
(2011101900486003)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
11/01/2011 - R
10/17/2011 - D		 Mortgage and Consolidation
(2011101900486002)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
11/01/2011 - R
10/17/2011 - D		 Mortgage
(2011101900486001)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
05/25/2010 - R
05/05/2010 - D		 Mortgage
(2010051100330001)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
07/10/2006 - R
04/17/2006 - D		 Subordination of Mortgage
(2006061300954001)		 XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXXXX
07/10/2006 - R
03/09/2006 - D		 Subordination of Mortgage
(2006061300954002)		 XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX XXXXXXXX XXXX XXXXXX XXX
03/20/2006 - R
03/09/2006 - D		 Assignment of Leases and Rents
(2006031000815003)		 XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX XXXXXXXX XXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 7118 3rd Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$440,528
Municipal exemptions
Recent tax assessments
Market value
$9,874,000
Assessed value
$4,443,300

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $9,765,000 $4,394,250 $3,714,230 10.848% $402,920 $402,920 +5.43%
2024/25 $10,953,000 $4,928,850 $3,550,960 10.762% $382,154 $382,154 +2.66%
2023/24 $10,575,000 $4,758,750 $3,514,320 10.592% $372,237 $372,237 +13.63%
2022/23 $10,113,000 $4,550,850 $3,077,129 10.646% $327,591 $327,591 +14.53%
2021/22 $6,022,000 $2,709,900 $2,659,489 10.755% $286,028 $286,028 +9.61%
2020/21 $5,889,000 $2,650,050 $2,440,270 10.694% $260,962 $260,962 +7.32%
2019/20 $5,889,000 $2,650,050 $2,307,790 10.537% $243,172 $243,172 +8.09%
2018/19 $5,435,000 $2,445,750 $2,139,760 10.514% $224,974 $224,974 +7.78%
2017/18 $5,190,000 $2,335,500 $1,985,320 10.514% $208,737 $208,737 +5.00%
2016/17 $5,066,000 $2,279,700 $1,880,100 10.574% $198,802 $198,802 +6.04%
Permits

Permit information for 7118 3rd Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/28/2026 Alteration
07/28/2026 Alteration
07/17/2026 Alteration
07/17/2026 Alteration
06/24/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
04/04/2019 E-elevator elevatorrequired
04/03/2019 Aeuhaz1-fail to certify class 1
05/02/2016 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & Bay Ridge Ave at NW Corner
Station lines
R
Distance (miles)
0.209
View subway map

Access the detailed traffic volume map for 7118 3rd Avenue, Brooklyn, NY 11209 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 7118 3rd Avenue, Brooklyn, NY

260 71st St, Brooklyn 247 72nd St, Brooklyn 7110 3rd Ave, Brooklyn 7102 3rd Ave, Brooklyn 262 71st St, Brooklyn 259 72nd St, Brooklyn 270 71st St, Brooklyn 264 71st St, Brooklyn 257 72nd St, Brooklyn 251 72nd St, Brooklyn 7103 3rd Ave, Brooklyn 7104 3rd Ave, Brooklyn 255 72nd St, Brooklyn 249 72nd St, Brooklyn 7025 3rd Ave, Brooklyn 272 71st St, Brooklyn 266 71st St, Brooklyn 253 72nd St, Brooklyn 243 72nd St, Brooklyn 7106 3rd Ave, Brooklyn

Nearby ZIP codes for 7118 3rd Avenue, Brooklyn, NY

10004, New York City, NY 10301, New York City, NY 10304, New York City, NY 11201, New York City, NY 11204, New York City, NY 11214, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11224, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY

Frequently asked questions

What is the year built for 7118 3rd Avenue, Brooklyn, NY 11209?

The development at 7118 3rd Avenue, Brooklyn, NY 11209 was built in 1931.

What is the market value of 7118 3rd Avenue, Brooklyn, NY 11209?

The current market value of 7118 3rd Avenue, Brooklyn, NY 11209 is $9,874,000.

What is the total square footage of 7118 3rd Avenue, Brooklyn, NY 11209?

7118 3rd Avenue, Brooklyn, NY 11209 has a total of 40,927 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 3.

How many active listings does 7118 3rd Avenue, Brooklyn, NY 11209 have?

This address has 1 active listing(s).

Disclaimer

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