Brick Two-Family
For Sale
$888,000
Pending
2618 E 7 STREET, Brooklyn, NY 11235
Residential Income, Brooklyn, NY
Property Size1,809 SF
Lot Size0.05 Acres
Days on Market163
Property Features for 2618 E 7 STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Interior features
Entrance Foyer, Master Downstairs
Subdivision
Gravesend
Standard status
Pending
Size
1,809 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7989
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
high ceilings
hardwood floors
large backyard
skylight
dedicated laundry area
Building Details
Year built
1930
Floors in Building
2
Flooring type
Tile, Hardwood
Listing Agency:
HIGH CLASS REALTY SB LLC
(718) 333-0700
Listed By:
Svetlana Borovskiy · License #49BO1171893
(347) 439-8683
Added: Mar 30
Changed: Sep 4
Last Checked: Sep 8 at 8:06PM
MLS# 11682806
Copyright © 2026 My State MLS. 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 1930 brick duplex contains 1,809 square feet within a 0.0505-acre lot. The two-family layout provides distinct living arrangements, including a second-floor residence with an entry foyer, east-facing windows, two bedrooms, a separate kitchen with dining area, hardwood floors, and a bathroom with a skylight, tub, and shower. The first-floor unit includes a kitchen, living room, primary bedroom, laundry area, and direct entry to the backyard. A private parking space and large rear yard add practical outdoor amenities, with access from both units. Natural gas heating and public water service are in place.
The property is located at 2618 E 7 STREET in Brooklyn, NY 11235, within Sheepshead Bay. Shops, dining, waterfront attractions, and public transportation are nearby. Walking-distance transit includes Q and B service at Sheepshead Bay Station on the Brighton Line and F service at Avenue X Station, along with B4, B36, B49, and BM3 bus routes.
The property is located at 2618 E 7 STREET in Brooklyn, NY 11235, within Sheepshead Bay. Shops, dining, waterfront attractions, and public transportation are nearby. Walking-distance transit includes Q and B service at Sheepshead Bay Station on the Brighton Line and F service at Avenue X Station, along with B4, B36, B49, and BM3 bus routes.
Key Highlights
- 1,809‑square‑foot two‑family duplex on a 0.0505‑acre lot
- 1930 brick construction with two separate living arrangements
- Private parking space and large backyard accessible from both units
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
$63,354
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
7.13%
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%
$1,267,080
$1.3M
Cap Rate 7%
$905,057
$905.1K
Cap Rate 9%
$703,933
$703.9K
Market Conditions
NOI Build-Up for 1,809 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
$92.3K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$90.5K $50.03/SF
− OpEx
−$27.2K −$15.01/SF
NOI
$63.4K $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%
$1,267,080
Cap Rate 7%
$905,057
Cap Rate 9%
$703,933
Alternative Uses
Best Use
Multifamily LT 5
$905.1K
$791.9K – $1.06M
NOI $63,354 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$789.0K
$690.3K – $920.5K
NOI $55,227 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,850 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,776
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
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 - Two separate living arrangements feature private parking, backyard access, hardwood floors, and dedicated laundry space.
Where is this duplex located?
The property is located at 2618 E 7 STREET Brooklyn, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: 1,809‑square‑foot two‑family duplex on a 0.0505‑acre lot; 1930 brick construction with two separate living arrangements; Private parking space and large backyard accessible from both units
