Mixed-Use Building with Turnkey
For Sale
$3,499,000
137 7th Avenue, Brooklyn, NY 11215
Mixed-use property with six studios and a fully equipped rustic pizza/bakery business.
Property Size3,584 SF
Price / SF$976.28
Days on Market101
Property Features for 137 7th Avenue
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Mixed Use
Additional Details
Furnished
Yes
Business Included
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$24,282
Building Details
Building Size
3,584 SF
Year Built
1920
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 887-5708
Source:
Penrealty
Added: Jul 14
Changed: Oct 18
Last Checked: Oct 21 at 5:35AM
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 RE/MAX Real Estate Professiona
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Investment Insights
Based on property information with market context.
This mixed-use property includes six studio apartments and a turnkey restaurant operation configured as a rustic pizza/bakery. The commercial space is described as fully equipped, with machinery and fixtures included, along with the established business.
Located at 137 7th Ave in Brooklyn, NY 11215, the asset combines residential rental units with an income-producing food and beverage component.
Located at 137 7th Ave in Brooklyn, NY 11215, the asset combines residential rental units with an income-producing food and beverage component.
Key Highlights
- Built in 1920 mixed‑use building featuring six studio apartments.
- Includes a fully equipped rustic pizza/bakery business with established machinery and fixtures.
- Commercial space is delivered equipped for operations, including business setup.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,729
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,154,580
$4.2M
Cap Rate 7%
$2,967,557
$3.0M
Cap Rate 9%
$2,308,100
$2.3M
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$301.1K $84.00/SF
− Vacancy
−$24.1K −$6.72/SF
EGI
$277.0K $77.28/SF
− OpEx
−$69.2K −$19.32/SF
NOI
$207.7K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,154,580
Cap Rate 7%
$2,967,557
Cap Rate 9%
$2,308,100
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,729 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,416 @ 7.0% cap · market cap 3.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with six studios and a fully equipped rustic pizza/bakery business.
Where is this apartment building located?
The property is located at 137 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Built in 1920 mixed‑use building featuring six studio apartments.; Includes a fully equipped rustic pizza/bakery business with established machinery and fixtures.; Commercial space is delivered equipped for operations, including business setup.
