Residential Income Property with
For Sale
$1,450,000
Pending
190 E 7th Street 1C, Brooklyn, NY 11218
Two-level condominium residence with private storage, recreation space, and access to Prospect Park and nearby transit.
Property Size1,633 SF
Days on Market43
Property Features for 190 E 7th Street 1C
General Information
Standard status
Pending
Size
1,633 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$9,726
Building Details
Building Size
1,633 SF
Year Built
2019
Listing Agency:
Compass
Listed By:
Carolyn M Cedar · License #10301206764
(917) 750-3059
Source:
Howardhannanyc
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 27 at 1:14AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, 2.5-bathroom townhouse-style condominium spans 1,633 square feet across two levels, with 9-foot ceilings and wide-plank 8-inch Russian white oak flooring. The main level includes an open living area and a custom kitchen equipped with Calacatta Borghini quartz surfaces, shaker cabinetry, and a stainless steel GE appliance package with a five-burner gas range and French-door refrigerator. The primary suite offers a walk-in closet and en-suite bath, while the second bedroom is positioned near another full bathroom.
A lower-level recreation room adds substantial flexible space and includes a light well, marble-tiled powder room, and vented washer and dryer closet. The residence also includes a private 50-square-foot storage room, separate bike storage access, and a deeded parking space. Built in 2019, the boutique condominium is near Prospect Park, the Parade Grounds, tennis courts, Windsor Terrace Library, Fort Hamilton Parkway, Church Avenue, Prospect Avenue, and nearby F and G train service.
A lower-level recreation room adds substantial flexible space and includes a light well, marble-tiled powder room, and vented washer and dryer closet. The residence also includes a private 50-square-foot storage room, separate bike storage access, and a deeded parking space. Built in 2019, the boutique condominium is near Prospect Park, the Parade Grounds, tennis courts, Windsor Terrace Library, Fort Hamilton Parkway, Church Avenue, Prospect Avenue, and nearby F and G train service.
Key Highlights
- Two‑bedroom, 2.5‑bathroom townhouse‑style condominium with 1,633 square feet
- Private deeded parking space included with the residence
- Lower‑level recreation room with light well and marble‑tiled powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,854
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,080
$997.1K
Cap Rate 7%
$712,200
$712.2K
Cap Rate 9%
$553,933
$553.9K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$92.5K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$90.6K $55.51/SF
− OpEx
−$40.8K −$24.98/SF
NOI
$49.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,080
Cap Rate 7%
$712,200
Cap Rate 9%
$553,933
Alternative Uses
Best Use
Apartment 5plus
$712.2K
$623.2K – $830.9K
NOI $49,854 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,649 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with private storage, recreation space, and access to Prospect Park and nearby transit.
Where is this residential income property located?
The property is located at 190 E 7th Street 1C Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two‑bedroom, 2.5‑bathroom townhouse‑style condominium with 1,633 square feet; Private deeded parking space included with the residence; Lower‑level recreation room with light well and marble‑tiled powder room
