Bay Ridge Detached Brick
7530 Narrows Avenue Brooklyn, NY 11209
7530 Narrows Avenue, Brooklyn, NY, 11209
$1,800,000
For Sale
$1,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,310 SF
Lot Size0.08 Acres
Price / SF$779.22
Days on Market182
Property Features for 7530 Narrows Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4A
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Garage - Detached
- Patio and Porch features
- Porch
- Interior features
- Porch, Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 2,310 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15185
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Quartz, Hardwood, Tile, Granite, Marble
- Building materials
- Brick
Listing Agency
Brooklyn Real Property Inc.
(718) 875-8899
389 Atlantic Avenue, Brooklyn, NY
Listed by
Jean P Ho
(718) 875-8899
Added: Jan 20 Updated: Jul 16 at 5:36 pm Checked: Jul 21 at 5:06 am
MLS# 498522
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.
Investment Insights
Based on property information with market context.
This detached brick two-family property is located in the desirable Bay Ridge neighborhood. The first floor features a large living and formal dining room, plus a master bedroom with a wall-to-wall closet. Originally configured with two bedrooms, it can be converted back to a two- or three-bedroom layout. It also has a modern bathroom and an open kitchen area with a side entrance. The second floor includes a main bedroom with walk-in closets and two additional bedrooms, a modern bathroom, an open modern kitchen with a pantry, and finished attic space. The second floor is approximately 1,200 square feet. The fully finished basement has a full bath with a jacuzzi, a large family room, closet space, and a separate entrance, in addition to an interior entrance. The property features a three-zone HVAC system for air conditioning and heating, as well as a new gas hot water system and updated wiring. Renovations in 2007 included new windows, electrical systems, and Italian granite tile flooring. The roof is eight years old, and the HVAC split system has a new compressor. The second floor retains its original wood floors. A detached three-car garage is included. The property sits on a 32 ft x 109.75 ft lot with R4 zoning, offering an additional 1,194 sq ft of available building space. The building size is 21.33 ft x 51 ft. The property is located minutes from the R train and all buses, as well as the Manhattan and Staten Island water taxi. It is also moments away from the Belt Parkway and Verrazano scenic route. The property can be used as multifamily or residential income property.
Key Highlights
- Detached brick 2‑family built in 1925 on a 32 ft x 109.75 ft lot (R4 zoning).
- Approx. 1,200 sq ft across units with multiple bedrooms and bathrooms plus finished attic space.
- Fully finished basement with full bath and jacuzzi, plus separate entrance and interior access.
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 | $117.8k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $115.6k | $50.03 |
| − OpEx | −$34.7k | −$15.01 |
| NOI | $80.9k | $35.02 |
2,310 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,900 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.01M
$881.5K – $1.18M
NOI $70,522 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,888 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached two-family in prime Bay Ridge location.
Where is this duplex located?
The property is located at 7530 Narrows Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Detached brick 2‑family built in 1925 on a 32 ft x 109.75 ft lot (R4 zoning).; Approx. 1,200 sq ft across units with multiple bedrooms and bathrooms plus finished attic space.; Fully finished basement with full bath and jacuzzi, plus separate entrance and interior access.
