Duplex with Oversized
For Sale
$1,488,000
2642 E 7th Street, Brooklyn, NY 11235
Residential, Triplex, Brooklyn, NY
Property Size3,594 SF
Lot Size0.06 Acres
Price / SF$414.02
Days on Market57
Property Features for 2642 E 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Garage
Interior features
Central Air, Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer, Window Treatments
Subdivision
Sheepshead Bay
Standard status
Active
Size
3,594 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
12667
Amenities
deck
sauna
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
Pride Estates
Listed By:
Alice Lee
(718) 569-2888
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 13 at 5:06PM
MLS# 503892
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 3,594-square-foot duplex occupies a 28' x 100' lot and has a built-in garage and rear deck. The main residence contains three bedrooms, an office or flex room, three bathrooms, and an open kitchen and dining area. A separate one-bedroom apartment includes a living room, kitchen and dining area, bathroom, and sauna. The property is currently used as a single-family home, and the building was expanded in 2006.
Interior features include hardwood and tile flooring, central air conditioning, supplemental split units, and oversized Pella windows. The main residence has ceilings exceeding 9 feet. The apartment has room currently used for a sauna that may accommodate a bedroom conversion, subject to required approvals. The home was built in 1930 and is zoned R4.
Interior features include hardwood and tile flooring, central air conditioning, supplemental split units, and oversized Pella windows. The main residence has ceilings exceeding 9 feet. The apartment has room currently used for a sauna that may accommodate a bedroom conversion, subject to required approvals. The home was built in 1930 and is zoned R4.
Key Highlights
- 3,594 square feet on a 28' x 100' lot
- Three‑bedroom main duplex with office/flex room and separate one‑bedroom apartment
- Expanded in 2006; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,868
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,360
$2.5M
Cap Rate 7%
$1,798,114
$1.8M
Cap Rate 9%
$1,398,533
$1.4M
Market Conditions
NOI Build-Up for 3,594 SF
Gross rent
$183.3K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$179.8K $50.03/SF
− OpEx
−$53.9K −$15.01/SF
NOI
$125.9K $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%
$2,517,360
Cap Rate 7%
$1,798,114
Cap Rate 9%
$1,398,533
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.10M
NOI $125,868 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,721 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$2.98M
$2.60M – $3.47M
NOI $208,308 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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
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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 - R4-zoned residence combines a three-bedroom main home with a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 2642 E 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: 3,594 square feet on a 28' x 100' lot; Three‑bedroom main duplex with office/flex room and separate one‑bedroom apartment; Expanded in 2006; built in 1930
