Detached Duplex with Finished
For Sale
$1,600,000
2504 E 7th Street, Brooklyn, NY 11235
Residential, Duplex, Brooklyn, NY
Property Size1,512 SF
Lot Size0.03 Acres
Price / SF$1,058
Days on Market116
Property Features for 2504 E 7th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Patio and Porch features
Deck
Interior features
Deck, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
1,512 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6334
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood, Tile
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: May 18
Changed: Sep 6
Last Checked: Sep 10 at 6:06AM
MLS# 501557
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 1,512-square-foot residential property sits on a 0.0296-acre lot and was built in 1925. Interior features include hardwood and tile flooring, a modern kitchen with a microwave, refrigerator, and stove, plus multiple bathrooms and a finished basement with a family room, full bathroom, laundry area, separate side entrance, and rear access. A deck provides additional outdoor space.
The property is located near Ocean Parkway and the B, Q, and F train lines, with B36 bus service also nearby. Shopping, restaurants, banks, schools, houses of worship, parks, athletic fields, and recreational areas are within the surrounding neighborhood. Zoning is R4.
The property is located near Ocean Parkway and the B, Q, and F train lines, with B36 bus service also nearby. Shopping, restaurants, banks, schools, houses of worship, parks, athletic fields, and recreational areas are within the surrounding neighborhood. Zoning is R4.
Key Highlights
- 1,512 SF residential property on a 0.0296‑acre lot
- R4 zoning
- Finished basement with family room, full bathroom, laundry area, side entrance, and rear access
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
$52,953
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
3.31%
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%
$1,059,060
$1.1M
Cap Rate 7%
$756,471
$756.5K
Cap Rate 9%
$588,367
$588.4K
Market Conditions
NOI Build-Up for 1,512 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
$77.1K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$75.6K $50.03/SF
− OpEx
−$22.7K −$15.01/SF
NOI
$53.0K $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%
$1,059,060
Cap Rate 7%
$756,471
Cap Rate 9%
$588,367
Alternative Uses
Best Use
Multifamily LT 5
$756.5K
$661.9K – $882.6K
NOI $52,953 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$659.4K
$577.0K – $769.3K
NOI $46,160 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,636 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned residential property with a finished basement, deck, laundry area, and access to nearby transit and neighborhood services.
Where is this duplex located?
The property is located at 2504 E 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1,512 SF residential property on a 0.0296‑acre lot; R4 zoning; Finished basement with family room, full bathroom, laundry area, side entrance, and rear access
