1983 W 7th St Brooklyn, NY 11223
Semi-attached four-family features four separate heating units and spacious three-bedroom layouts.
Property Features for 1983 W 7th St
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing office Womcore LLC dba Remax Edge (718) 612-3088
Listing date Jun 3, 2026
Source Elliman
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
The address is 1983 W 7th St in Brooklyn, NY 11223. The listing also references convenient access to nearby shopping, restaurants, and transportation, including the B3 bus and N and D train service.
For investors and owner-users, the unit mix provides consistent 3-bedroom, 1-bath layouts across all four apartments, with separate heating systems for each unit. With the flexibility of two vacant units at delivery and two currently occupied units without existing leases, the property may fit buyers looking for straightforward rent-ready repositioning following their own due diligence. Prequalification and proof of funds are required at the owner’s request.
Key Highlights
- Semi‑attached brick corner 4‑family built in 1931 on a 20 x 100 lot with a 20 x 90 building size
- Each unit has 3 bedrooms, 1 full bath, dinette, large living room, and a galley‑style kitchen
- Gas heat with 4 separate heating units
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 | $91.8k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $90.1k | $50.03 |
| − OpEx | −$27.0k | −$15.01 |
| NOI | $63.0k | $35.02 |
