Seaview Village Two-Family
10567 Flatlands 7th Street Brooklyn, NY 11236
10567 Flatlands 7th Street, Brooklyn, NY, 11236
$1,100,000
For Sale
$1,100,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$458.33
Days on Market427
Property Features for 10567 Flatlands 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3X
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 3
- Interior features
- Central Air, Laundry Area, Refrigerator
- Basement
- Finished, Crawl Space
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6026
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Brooklyn Real Property, Inc
(718) 272-8988
9201 Flatlands Avenue, Brooklyn, NY
Listed by
Jean Paul Ho
(718) 875-8899
Added: May 17, 2025 Checked: Jul 17 at 8:06 am
MLS# 492778
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.
Located in Seaview Village on Flatland's 7th Street, this two-family Waxman split-level home was built in 1960. The building measures 22.42 ft x 50.42 ft and sits on a 41.67 ft x 100 ft lot, zoned R3X. The main level features three bedrooms, oversized living and dining rooms with cathedral ceilings, a modern eat-in kitchen, and hardwood floors. Windows provide ample natural light. The lower-level apartment includes a private one-bedroom unit that can be converted to two bedrooms, with separate side and interior entrances. It also features a full eat-in kitchen, formal dining area, large living room, laundry room, 3/4 bath, and a family room, along with storage space. Additional features include forced-air heating with central A/C and a humidifier. A private driveway accommodates 2 to 5 cars. The spacious backyard is suitable for gatherings and entertaining. The property is located minutes from Rockaway Pier, Belt Parkway, shopping, and express buses to Manhattan, offering a suburban feel. The property size is 2400 square feet.
Key Highlights
- Built in 1960, fully detached 2‑family Waxman split‑level home with wood‑frame construction
- Main level offers 3 bedrooms with oversized living and dining areas plus cathedral ceilings
- Lower‑level apartment features a private 1‑bedroom unit (can be converted to 2 bedrooms) with separate side and interior entrances
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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 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 - Rare two-family split-level home in Brooklyn's Seaview Village.
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: Built in 1960, fully detached 2‑family Waxman split‑level home with wood‑frame construction; Main level offers 3 bedrooms with oversized living and dining areas plus cathedral ceilings; Lower‑level apartment features a private 1‑bedroom unit (can be converted to 2 bedrooms) with separate side and interior entrances
