Two-Family Duplex with Finished
For Sale
$1,250,000
1627 W 7th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,344 SF
Lot Size0.04 Acres
Price / SF$930.06
Days on Market96
Property Features for 1627 W 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Interior features
Laundry Area, Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
1,344 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7447
Building Details
Year built
1930
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Weixing (Winston) Lao
(718) 680-2776
Added: Jun 4
Changed: Sep 5
Last Checked: Sep 7 at 6:06AM
MLS# 502000
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1930 wood-frame duplex contains two residential levels, each arranged with two bedrooms and one full bathroom. The property provides 1,344 square feet on a 0.0413-acre lot, along with a finished basement that has its own entrance and connects to the backyard. Hardwood and tile flooring, a laundry area, refrigerator, and stove are included, while the building has a flat roof and garage parking.
Located at 1627 W 7th Street in Brooklyn, the property sits between Avenue P and W 7th Street, with shopping and transportation nearby. The N trains are also in the surrounding area. The residence is currently vacant, allowing immediate access for an owner-user or purchaser seeking a two-unit residential property.
Located at 1627 W 7th Street in Brooklyn, the property sits between Avenue P and W 7th Street, with shopping and transportation nearby. The N trains are also in the surrounding area. The residence is currently vacant, allowing immediate access for an owner-user or purchaser seeking a two-unit residential property.
Key Highlights
- Two‑family layout with two bedrooms and one full bathroom on each floor
- Finished basement with separate entrance and backyard access
- 1,344 square feet on a 0.0413‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,380
$941.4K
Cap Rate 7%
$672,414
$672.4K
Cap Rate 9%
$522,989
$523.0K
Market Conditions
NOI Build-Up for 1,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.5K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.2K $50.03/SF
− OpEx
−$20.2K −$15.01/SF
NOI
$47.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,380
Cap Rate 7%
$672,414
Cap Rate 9%
$522,989
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,069 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,939
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant Brooklyn property offers two-bedroom units, a separate-entry basement, backyard access, and garage parking.
Where is this duplex located?
The property is located at 1627 W 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family layout with two bedrooms and one full bathroom on each floor; Finished basement with separate entrance and backyard access; 1,344 square feet on a 0.0413‑acre lot
