Two-Family Semi-Detached
For Sale
$1,250,000
1627 W 7th St, Brooklyn, NY 11223
Well-maintained two-family with separate-entry finished basement and move-in readiness for owner-occupants or income renters.
Property Size1,344 SF
Days on Market96
Property Features for 1627 W 7th St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,446
Building Details
Building Size
1,344 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Weixing (Winston) Lao
(718) 680-2776
Source:
Elliman
Added: Jun 4
Changed: Aug 23
Last Checked: Sep 6 at 8:29AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This well-maintained two-family semi-detached home offers two full residential floors plus a fully finished basement. The first and second floors are each configured with two bedrooms and one full bathroom, providing straightforward, repeatable layouts. The basement is finished and includes a separate entrance, along with access to the backyard. The property is currently vacant and presented in move-in condition.
Located in Bensonhurst, the home sits between Avenue P and W 7th Street, with shopping and transportation nearby. Public transit access is highlighted by the presence of N train service in the area.
For buyers seeking a practical owner-occupant setup, the property supports living on one level while maintaining independent space below. The separate entrance to the finished basement can also be useful for flexible occupancy planning, subject to how a buyer intends to use the space. With the home available now and described as in move-in condition, it may appeal to buyers who want an income-ready configuration without waiting for renovations.
Located in Bensonhurst, the home sits between Avenue P and W 7th Street, with shopping and transportation nearby. Public transit access is highlighted by the presence of N train service in the area.
For buyers seeking a practical owner-occupant setup, the property supports living on one level while maintaining independent space below. The separate entrance to the finished basement can also be useful for flexible occupancy planning, subject to how a buyer intends to use the space. With the home available now and described as in move-in condition, it may appeal to buyers who want an income-ready configuration without waiting for renovations.
Key Highlights
- 1930‑built well‑maintained two‑family semi‑detached home in Bensonhurst between Avenue P and W 7th Street
- Two separate units with 2 bedrooms and 1 full bathroom each on the first and second floors
- Fully finished basement with separate entrance and access to the backyard
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
$47,069
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
3.77%
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%
$941,380
$941.4K
Cap Rate 7%
$672,414
$672.4K
Cap Rate 9%
$522,989
$523.0K
Market Conditions
NOI Build-Up for 1,344 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
$68.5K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.2K $50.03/SF
− OpEx
−$20.2K −$15.01/SF
NOI
$47.1K $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 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%
$941,380
Cap Rate 7%
$672,414
Cap Rate 9%
$522,989
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,069 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,939
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Well-maintained two-family with separate-entry finished basement and move-in readiness for owner-occupants or income renters.
Where is this duplex located?
The property is located at 1627 W 7th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1930‑built well‑maintained two‑family semi‑detached home in Bensonhurst between Avenue P and W 7th Street; Two separate units with 2 bedrooms and 1 full bathroom each on the first and second floors; Fully finished basement with separate entrance and access to the backyard
