2-Family Split-Level
For Sale
$1,100,000
10567 Flatlands 7th Street, Brooklyn, NY 11236
Residential, Split, Brooklyn, NY
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$458.33
Days on Market529
Property Features for 10567 Flatlands 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1
Interior features
Central Air, Laundry Area, Refrigerator
Basement
Crawl Space, Finished
Subdivision
Canarsie
Standard status
Active
Size
2,400 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
6026
Amenities
hardwood floors
cathedral ceilings
eat-in kitchen
central air conditioning
laundry room
family room
storage space
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Jean Paul Ho
(718) 875-8899
Added: May 17, 2025
Changed: Oct 20
Last Checked: Oct 27 at 12:06PM
MLS# 492778
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.
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Investment Insights
Based on property information with market context.
This detached two-family residence was built in 1960 and offers a split-level layout with 2400 square feet of interior space. The main level includes three bedrooms, oversized living and dining rooms with cathedral ceilings, an eat-in kitchen, and hardwood flooring. A separate lower-level apartment provides one bedroom, its own side and interior entrances, a full eat-in kitchen, dining area, living room, laundry room, 3/4 bath, family room, and storage.
The property includes forced-air heating, central A/C, a humidifier, and windows on all sides. A private driveway accommodates 2 to 5 cars, while the backyard provides additional outdoor space. Located at 10567 Flatlands 7th Street in Brooklyn, the home is near Rockaway Pier, Belt Parkway, shopping, and express bus service to Manhattan. R3X zoning applies.
The property includes forced-air heating, central A/C, a humidifier, and windows on all sides. A private driveway accommodates 2 to 5 cars, while the backyard provides additional outdoor space. Located at 10567 Flatlands 7th Street in Brooklyn, the home is near Rockaway Pier, Belt Parkway, shopping, and express bus service to Manhattan. R3X zoning applies.
Key Highlights
- Two‑family split‑level residence with 2400 square feet of space
- Main level includes 3 bedrooms, cathedral‑ceiling living and dining rooms, and an eat‑in kitchen
- Lower‑level apartment has 1 bedroom, separate entrances, kitchen, laundry room, family room, and 3/4 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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 Rate 5%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with separate lower-level access, central air, and a private driveway.
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: Two‑family split‑level residence with 2400 square feet of space; Main level includes 3 bedrooms, cathedral‑ceiling living and dining rooms, and an eat‑in kitchen; Lower‑level apartment has 1 bedroom, separate entrances, kitchen, laundry room, family room, and 3/4 bath
