Spacious Brooklyn Four-Family
1983 W 7th Street, Brooklyn, NY 11223
New
MULTI_FAMILY - Brooklyn, NY
Type:Single Family Residence
Property size:
3,600 SFLot size:
0.05 AcresPrice / SF:
$435/SF- Added:
- May 28, 2026
- Days on Market:
- 2
- Last Refresh:
- May 29 at 2:06 pm
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
MLS# 501799
Listing URL
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.
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.
- Each unit features 3 bedrooms and 1 full bath.
- Convenient access to shopping, restaurants, and transportation (B3 bus, N train, D train).
- Separate heating units for each apartment.
Overview
Located in Gravesend, Brooklyn, this semi-attached brick corner four-family property presents an opportunity for investors and end-users. The building, situated on a 20 x 100 lot, features a 20 x 90 building size. Each of the four units includes 3 bedrooms, 1 full bath, a dinette, a large living room, and a galley-style kitchen. The property features bright, airy rooms throughout. Two units can be delivered vacant, while the other two are currently occupied without leases. The property uses gas heat with 4 separate heating units. The mechanics are in working order. The property is being sold 'As Is'. The property is near shopping, restaurants, and transportation, with access to the B3 bus, N train, and D train. The property size is 3,600 square feet and the lot size is 0.0459 acres.
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 |
3,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
nyc fines
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.97884
- Latitude
- 40.598911
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Rare Gravesend investment opportunity with income potential and convenient location.
Where is this quadplex located?
The property is located at 1983 W 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,568,000.
What are key features of this property?
This property features: 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.
