1983 W 7th Street Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Features for 1983 W 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- r5b
- Bedrooms
- 12
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 10, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 12, Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 4, Bedroom 9, Bedroom 7, Bedroom 3
- Interior features
- Stove
- Basement
- Unfinished, Finished
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20799
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Barbara Horan (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 28, 2026
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.
Key Highlights
- Four‑family brick corner property in prime Gravesend location.
- Two units delivered vacant, offering immediate income potential or owner occupancy.
- Large building size (20 x 90) on a 20 x 100 lot.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.6k | $51.00 |
| − Vacancy | −$3.5k | −$0.97 |
| EGI | $180.1k | $50.03 |
| − OpEx | −$54.0k | −$15.01 |
| NOI | $126.1k | $35.02 |
