Brick Duplex with Finished
New
For Sale
$1,090,000
2135 W 7th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,004 SF
Lot Size0.04 Acres
Price / SF$1,085
Days on Market4
Property Features for 2135 W 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Interior features
Refrigerator, Stove, Window Treatments
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
1,004 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6654
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Mei (Jamie) Zheng
(718) 382-0001
Added: Sep 28
Last Checked: Oct 1 at 5:06PM
MLS# 504914
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 brick duplex, built in 1925, contains two residences. The first-floor unit has three bedrooms and one full bathroom; the second-floor unit has two bedrooms and one full bathroom. A finished basement adds enclosed space, and the lot measures 16 by 100 feet. A flat roof tops the building, and the listed interior features include a refrigerator, stove, and window treatments.
One parking space is available at the rear through a shared driveway. The property is near Avenue U Station on the N train, as well as neighborhood shops, restaurants, schools, and other services. The zoning designation is R5.
One parking space is available at the rear through a shared driveway. The property is near Avenue U Station on the N train, as well as neighborhood shops, restaurants, schools, and other services. The zoning designation is R5.
Key Highlights
- Two‑family brick building constructed in 1925
- First‑floor residence has 3 bedrooms and 1 full bathroom
- Second‑floor residence has 2 bedrooms and 1 full bathroom
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
$35,162
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
3.23%
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%
$703,240
$703.2K
Cap Rate 7%
$502,314
$502.3K
Cap Rate 9%
$390,689
$390.7K
Market Conditions
NOI Build-Up for 1,004 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
$51.2K $51.00/SF
− Vacancy
−$973 −$0.97/SF
EGI
$50.2K $50.03/SF
− OpEx
−$15.1K −$15.01/SF
NOI
$35.2K $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%
$703,240
Cap Rate 7%
$502,314
Cap Rate 9%
$390,689
Alternative Uses
Best Use
Multifamily LT 5
$502.3K
$439.5K – $586.0K
NOI $35,162 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$437.9K
$383.1K – $510.9K
NOI $30,651 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$831.3K
$727.4K – $969.9K
NOI $58,192 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,120
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
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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 - Two separate residences offer five bedrooms in total, with one bathroom on each level.
Where is this duplex located?
The property is located at 2135 W 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Two‑family brick building constructed in 1925; First‑floor residence has 3 bedrooms and 1 full bathroom; Second‑floor residence has 2 bedrooms and 1 full bathroom
