Mixed-Use Building with Turnkey
137 7th Ave Brooklyn, NY 11215
New
137 7th Ave, Brooklyn, NY, 11215
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For Sale
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Mixed-use property with six studios and a fully equipped rustic pizza/bakery business.
Property Size3,584 SF
Price / SF$1,059
Days on Market7
Property Features for 137 7th Ave
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Real Estate Professionals
(718) 532-2000
Listed by
Vito Angelo · License #NY 40AN0957928
Source
Crexi
Added: Jul 16 Updated: Jul 22 at 3:17AM Checked: Jul 22 at 3:17AM
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 Professionals
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.
Local Financial Insights For Specialty Retail
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 | $301.1k | $84.00 |
| − Vacancy | −$24.1k | −$6.72 |
| EGI | $277.0k | $77.28 |
| − OpEx | −$69.2k | −$19.32 |
| NOI | $207.7k | $57.96 |
3,584 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,729 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,416 @ 7.0% cap · market cap 2.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Numero 28 Pizzeria
Restaurant
Similar For Sale Nearby
FAQs
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 Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,799,000.
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.
