Seaview Village Two-Family
For Sale
$1,100,000
10567 Flatlands 7th Street, Brooklyn, NY 11236
Desirable Seaview Village two-family home on Flatlands 7th Street.
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$973.45
Days on Market477
Property Features for 10567 Flatlands 7th Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.10 Acres
Property subtype
Multi Family Home
Zoning
R3X
Building Details
Building Size
2,400 SF
Year Built
1960
Stories
2
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Jean Paul Ho · License #JPH8888
(718) 713-6888
Source:
Kirinny
Added: May 17, 2025
Changed: Sep 4
Last Checked: Sep 2 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brooklyn Real Property, Inc
Investment Insights
Based on property information with market context.
Located in Seaview Village on Flatlands 7th Street, this two-family Waxman split-level home is a fully detached property. Constructed in 1960, the building measures 22.42 ft x 50.42 ft and is situated on a lot measuring 41.67 ft x 100 ft. The property is located on a tree-lined street.
Key Highlights
- Rare 2‑Family Waxman Split‑Level Home
- Located in desirable Seaview Village
- Situated on prestigious, tree‑lined Flatland's 7th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,500
$791.5K
Cap Rate 7%
$565,357
$565.4K
Cap Rate 9%
$439,722
$439.7K
Market Conditions
NOI Build-Up for 1,130 SF
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.
Gross rent
$57.6K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$56.5K $50.03/SF
− OpEx
−$17.0K −$15.01/SF
NOI
$39.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,500
Cap Rate 7%
$565,357
Cap Rate 9%
$439,722
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.7K – $659.6K
NOI $39,575 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$492.8K
$431.2K – $575.0K
NOI $34,498 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$935.6K
$818.7K – $1.09M
NOI $65,495 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Desirable Seaview Village two-family home on Flatlands 7th Street.
Where is this duplex located?
The property is located at 10567 Flatlands 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rare 2‑Family Waxman Split‑Level Home; Located in desirable Seaview Village; Situated on prestigious, tree‑lined Flatland's 7th Street
