Mixed-Use Retail and Residential
8421 7th Avenue Brooklyn, NY 11228
For Sale
$1,380,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,470 SF
Lot Size0.04 Acres
Price / SF$558.70
Days on Market95
Property Features for 8421 7th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bedroom 2
Parking features
On Street
Basement
Full, Finished
Standard status
Active
APN
06029-0003
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9774
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1926
Number of units
2
Building materials
Brick
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li
(347) 885-8668
Added: Apr 27
Changed: Jul 17
Last Checked: Jul 30 at 12:06AM
MLS# 990613
Copyright © 2026 OneKey MLS. 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 mixed-use building includes a 1st-floor storefront with a full basement. An additional private backyard is accessible from the storefront level, providing outdoor space uncommon for similar properties. The 2nd floor features a spacious 4-bedroom, 2-bath residential unit with a large living room and an oversized balcony.
The property is located at 8421 7th Avenue in Brooklyn, near 86th Street, and sits on a 19.42 x 86.08 lot. The interior dimensions are approximately 19.58 x 65 (about 2,470 square feet interior), and it is zoned R5B / C2-3. The reported annual taxes are $9,774.08.
Offered for sale as a combined retail-and-residential asset, the configuration supports either owner-occupancy or rental income through the storefront and upstairs unit.
The property is located at 8421 7th Avenue in Brooklyn, near 86th Street, and sits on a 19.42 x 86.08 lot. The interior dimensions are approximately 19.58 x 65 (about 2,470 square feet interior), and it is zoned R5B / C2-3. The reported annual taxes are $9,774.08.
Offered for sale as a combined retail-and-residential asset, the configuration supports either owner-occupancy or rental income through the storefront and upstairs unit.
Key Highlights
- 1F storefront with full basement plus a private backyard
- 2nd‑floor residence with 4 bedrooms and 2 bathrooms, large living room, and an oversized balcony
- Brick building, approximately 19.58x65 (about 2,470 sqft interior) on a 19.42x86.08 lot
Financial Insights For Retail
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 | $192.1k | $77.76 |
| − Vacancy | −$22.9k | −$9.25 |
| EGI | $169.2k | $68.51 |
| − OpEx | −$50.8k | −$20.55 |
| NOI | $118.4k | $47.95 |
2,470 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,448 @ 7.0% cap · market cap 8.58%
Second Best
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,504 @ 7.0% cap · market cap 6.27%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,161 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with a 1st-floor storefront and full basement, plus a 4-bedroom, 2-bath unit on the second floor.
Where is this duplex located?
The property is located at 8421 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 1F storefront with full basement plus a private backyard; 2nd‑floor residence with 4 bedrooms and 2 bathrooms, large living room, and an oversized balcony; Brick building, approximately 19.58x65 (about 2,470 sqft interior) on a 19.42x86.08 lot
