Bensonhurst Commercial Building For
7024 18th Avenue, Brooklyn, NY 11204
COMMERCIAL - Brooklyn, NY
Type:Office
Property size:
3,400 SFLot size:
0.05 AcresPrice / SF:
$838/SF- Added:
- Apr 20, 2026
- Days on Market:
- 27
- Last Refresh:
- May 16 at 3:06 am
Property Features for 7024 18th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- R5
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20835
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Tile, Hardwood
- Building materials
- Masonry
- Roof type
- Flat
Listing agent Daniel J. Calabrese (718) 236-7100
Listing office Calabrese Real Estate 7024 18th Ave, Brooklyn, NY (718) 236-7100
Listing date Apr 20, 2026
MLS# 500683
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
- Prime Bensonhurst location on a corner lot with excellent signage exposure.
- Rare two‑story commercial building on 18th Avenue (per certificate of occupancy).
- Flexible open layout floorplan suitable for office, retail, bank, or medical use.
- Full finished basement with meeting room, kitchen, and storage.
- Private terrace accessible from the executive office on the second floor.
- Delivered with full possession at closing.
Overview
This modern glass corner building is located in the prime Bensonhurst neighborhood. The building features two floors of office space and a full finished basement. According to its certificate of occupancy, it is one of the few buildings on 18th Avenue with two floors of commercial space. The property is zoned R5 with a C1-2 overlay. The two floors of commercial space are configured with a predominantly open layout floorplan, including a waiting area adjacent to the reception area, two conference rooms, and a large executive boardroom on the first floor. The second floor contains more open office space and three private offices, one of which is an executive office with its own private terrace. The full finished basement includes a large meeting room, kitchen, and storage room. There are three lavatories in total, with two on the basement level and one on the second floor. The building is equipped with two central air conditioning systems, one for each floor, and upgraded LED lighting throughout. The corner location provides excellent signage exposure. The property is suitable for a professional office building, bank, retail, or medical space. It will be delivered with full possession at closing. The lot size is 0.0459 acres and the property size is 3,400 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$2.19M
NOI $197,064 @ 9.00% cap · cautious / downside scenario
Moderate
$2.82M
NOI $197,064 @ 7.00% cap · market / base-case scenario
Aggressive
$3.94M
NOI $197,064 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $285.6k | $84.00 |
| − Vacancy | −$22.8k | −$6.72 |
| EGI | $262.8k | $77.28 |
| − OpEx | −$65.7k | −$19.32 |
| NOI | $197.1k | $57.96 |
3,400 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 5.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Welcome to J. Paucar ...
Real Estate Agency
Woodrock Group
Construction Company
William T. Crepeault ...
Real Estate Agency
Jose Paucar Real ...
Real Estate Agency
Calabrese Real Estate
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.993554
- Latitude
- 40.616107
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story commercial building with finished basement in prime Bensonhurst location.
Where is this office building located?
The property is located at 7024 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Prime Bensonhurst location on a corner lot with excellent signage exposure.; Rare two‑story commercial building on 18th Avenue (per certificate of occupancy).; Flexible open layout floorplan suitable for office, retail, bank, or medical use.
