Brick Duplex with Finished
For Sale
$1,190,000
1842 W 7th Street, Brooklyn, NY 11223
Residential, Duplex, Brooklyn, NY
Property Size1,880 SF
Lot Size0.04 Acres
Price / SF$632.98
Days on Market10
Property Features for 1842 W 7th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5B
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1
Interior features
A/C Unit - Wall, Dryer, Laundry Area, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
1,880 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7976
Amenities
private backyard
laundry room
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Sumei Lan · License #SL4755
(718) 612-3088
Added: Sep 12
Changed: Sep 20
Last Checked: Sep 21 at 7:06PM
MLS# 504487
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.
This 1,880-square-foot brick duplex, built in 1930, offers a three-bedroom layout across two primary levels plus a finished basement. The main floor combines living, dining, and kitchen areas in an open arrangement, with a half-bath and large windows. Upstairs are three bedrooms and a full hall bathroom. The basement adds a family room, full bathroom, laundry area, utility room, high ceilings, and separate front and rear entrances. Interior finishes include hardwood and tile flooring, while installed appliances include a refrigerator, stove, washer, and dryer. Wall-mounted air conditioning is also present.
The property occupies 0.0436 acres and includes a shared driveway, private rear access, and a backyard suited to outdoor dining or gatherings. Located in Brooklyn’s Gravesend neighborhood, it is minutes from the N train station and near the Avenue U and Kings Highway commercial corridors, with nearby supermarkets, banks, restaurants, and schools.
The property occupies 0.0436 acres and includes a shared driveway, private rear access, and a backyard suited to outdoor dining or gatherings. Located in Brooklyn’s Gravesend neighborhood, it is minutes from the N train station and near the Avenue U and Kings Highway commercial corridors, with nearby supermarkets, banks, restaurants, and schools.
Key Highlights
- 1,880‑square‑foot brick duplex built in 1930
- Three‑bedroom layout with three bathrooms across the residence
- Finished basement with family room, full bathroom, laundry, utility room, and separate entrances
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
$65,841
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
5.53%
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%
$1,316,820
$1.3M
Cap Rate 7%
$940,586
$940.6K
Cap Rate 9%
$731,567
$731.6K
Market Conditions
NOI Build-Up for 1,880 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
$95.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$94.1K $50.03/SF
− OpEx
−$28.2K −$15.01/SF
NOI
$65.8K $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%
$1,316,820
Cap Rate 7%
$940,586
Cap Rate 9%
$731,567
Alternative Uses
Best Use
Multifamily LT 5
$940.6K
$823.0K – $1.10M
NOI $65,841 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$819.9K
$717.4K – $956.6K
NOI $57,394 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,965 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,643
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom Brooklyn residence with private outdoor space, multiple entrances, and convenient access to neighborhood shopping and transit.
Where is this duplex located?
The property is located at 1842 W 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 1,880‑square‑foot brick duplex built in 1930; Three‑bedroom layout with three bathrooms across the residence; Finished basement with family room, full bathroom, laundry, utility room, and separate entrances
