Legal Two-Family
2118 W 7th Street Brooklyn, NY 11223
For Sale
$988,888
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size1,000 SF
Lot Size0.03 Acres
Days on Market61
Property Features for 2118 W 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R5
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3
- Parking features
- Driveway
- Basement
- Finished, Full
- Standard status
- Pending
- APN
- 7119-13
- Size
- 1,000 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6217
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Aluminum Siding, Stucco
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Samantha Conca
(718) 987-3667
Added: May 27
Changed: Jul 24
Last Checked: Jul 26 at 8:06AM
MLS# 2602960
Copyright © 2026 Staten Island Board of Realtors. 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 legal two-family duplex is currently being used as a one-family home. The layout includes two bedrooms in each unit, with 2.5 bathrooms, offering a functional arrangement for flexible living and rental potential. Off-street parking is also included.
Located at 2118 W 7th Street in Brooklyn, the property is described as being near trains, buses, and shopping. The property is zoned R5.
Located at 2118 W 7th Street in Brooklyn, the property is described as being near trains, buses, and shopping. The property is zoned R5.
Key Highlights
- Legal two‑family home currently used as a one‑family residence
- 2 bedrooms per unit plus 2.5 bathrooms total
- Off‑street parking with a driveway
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 | $51.0k | $51.00 |
| − Vacancy | −$969 | −$0.97 |
| EGI | $50.0k | $50.03 |
| − OpEx | −$15.0k | −$15.01 |
| NOI | $35.0k | $35.02 |
1,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal two-family currently operated as one unit, each with two bedrooms and 2.5 baths, plus off-street parking.
Where is this duplex located?
The property is located at 2118 W 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $988,888.
What are key features of this property?
This property features: Legal two‑family home currently used as a one‑family residence; 2 bedrooms per unit plus 2.5 bathrooms total; Off‑street parking with a driveway
