Detached Duplex with Finished
New
For Sale
$1,549,000
2177 W 7th St, Brooklyn, NY 11223
Both residential units are scheduled for delivery vacant, with a separate apartment layout on each floor.
Property Size1,620 SF
Days on Market5
Property Features for 2177 W 7th St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,088
Building Details
Building Size
1,620 SF
Year Built
1920
Stories
2
Listing Agency:
Exit Realty Professionals
Listed By:
Nam H. Sung
(718) 838-2600
Source:
Elliman
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 5:26PM
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 Exit Realty Professionals
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Investment Insights
Based on property information with market context.
This detached corner duplex, built in 1920, has two residential floors. Each floor contains two bedrooms, a living room, a full bathroom, and a kitchen. The finished basement adds a family room, a reading room, a full bath, and a private rear entrance. A rear enclosed porch is off the first floor.
The property is a few minutes from the N train Avenue U station and the 86 Street subway station. It has a Walk Score of 96, a Transit Score of 86, and a Bike Score of 67. Both units will be delivered vacant.
The property is a few minutes from the N train Avenue U station and the 86 Street subway station. It has a Walk Score of 96, a Transit Score of 86, and a Bike Score of 67. Both units will be delivered vacant.
Key Highlights
- Detached corner property with two residential units
- Each floor has 2 bedrooms, a living room, a full bath, and a kitchen
- Finished basement includes a family room, reading room, full bath, and private rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,735
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,700
$1.1M
Cap Rate 7%
$810,500
$810.5K
Cap Rate 9%
$630,389
$630.4K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$82.6K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$81.1K $50.03/SF
− OpEx
−$24.3K −$15.01/SF
NOI
$56.7K $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 Rate 5%
$1,134,700
Cap Rate 7%
$810,500
Cap Rate 9%
$630,389
Alternative Uses
Best Use
Multifamily LT 5
$810.5K
$709.2K – $945.6K
NOI $56,735 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$706.5K
$618.2K – $824.3K
NOI $49,457 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,895 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,686
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are scheduled for delivery vacant, with a separate apartment layout on each floor.
Where is this duplex located?
The property is located at 2177 W 7th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Detached corner property with two residential units; Each floor has 2 bedrooms, a living room, a full bath, and a kitchen; Finished basement includes a family room, reading room, full bath, and private rear entrance
