Duplex with Finished
New
For Sale
$1,549,000
2177 W 7th Street, Brooklyn, NY 11223
Residential, High Ranch, Brooklyn, NY
Property Size1,620 SF
Lot Size0.05 Acres
Price / SF$956.17
Days on Market2
Property Features for 2177 W 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
1,620 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8088
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Wood Frame
Architectural style
Ranch
Listing Agency:
Metro Realty Professionals
Listed By:
Nam H. Sung
(718) 838-2600
Added: Oct 21
Last Checked: Oct 22 at 3:06AM
MLS# 505477
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.
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Investment Insights
Based on property information with market context.
This detached two-family home has 1,620 square feet of interior space on a 0.0482-acre corner lot. Each of its two residential floors includes two bedrooms, a living room, a full bathroom, and a kitchen. A finished basement adds a family room, reading room, full bath, and private rear entrance. The first floor also has an enclosed rear porch, and the property includes a detached garage. Built in 1920, the home has wood-frame construction and R5 zoning.
The N train Avenue U station and the 86 Street subway station are a few minutes away. Both units are to be delivered vacant.
The N train Avenue U station and the 86 Street subway station are a few minutes away. Both units are to be delivered vacant.
Key Highlights
- Two‑family property with two bedrooms on each floor
- Finished basement with family room, reading room, full bath, and private rear entrance
- 1,620 square feet on a 0.0482‑acre corner lot
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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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential floors each provide bedrooms, a living room, a full bath, and a kitchen.
Where is this duplex located?
The property is located at 2177 W 7th Street 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: Two‑family property with two bedrooms on each floor; Finished basement with family room, reading room, full bath, and private rear entrance; 1,620 square feet on a 0.0482‑acre corner lot
