Detached Single-Family with
For Sale
$1,589,000
395 E 7th Street, Brooklyn, NY 11218
Residential, Duplex, Brooklyn, NY
Property Size1,673 SF
Lot Size0.06 Acres
Price / SF$949.79
Days on Market582
Property Features for 395 E 7th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Parking features
Carport
Interior features
Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
Kensington
Standard status
Active
Size
1,673 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5848
Building Details
Year built
1925
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Doreen Alfano
(917) 257-0211
Added: Feb 5, 2025
Changed: Sep 5
Last Checked: Sep 10 at 6:06AM
MLS# 489047
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 detached one-family home in Kensington offers four bedrooms and one full bath, with hardwood floors and old-world character throughout. The property sits on a 20 x 120 lot, providing a large, family-friendly backyard for everyday use. A 1-car carport adds covered off-street parking.
The home is located at 395 E 7th Street in Brooklyn, NY 11218, within R5 zoning.
With approximately 1,673 square feet of property size, the layout is designed to accommodate comfortable living space while leaving room for personalization in the outdoor area.
The home is located at 395 E 7th Street in Brooklyn, NY 11218, within R5 zoning.
With approximately 1,673 square feet of property size, the layout is designed to accommodate comfortable living space while leaving room for personalization in the outdoor area.
Key Highlights
- Detached 1‑family home on a 20 x 120 property
- 4 bedrooms and 1 full bathroom
- Hardwood floors throughout
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
$51,075
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
3.21%
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%
$1,021,500
$1.0M
Cap Rate 7%
$729,643
$729.6K
Cap Rate 9%
$567,500
$567.5K
Market Conditions
NOI Build-Up for 1,673 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
$94.8K $56.64/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$92.9K $55.51/SF
− OpEx
−$41.8K −$24.98/SF
NOI
$51.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,021,500
Cap Rate 7%
$729,643
Cap Rate 9%
$567,500
Alternative Uses
Best Use
Apartment 5plus
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,967 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Detached one-family home on a 20 x 120 lot with four bedrooms, hardwood floors, and a 1-car carport.
Where is this single family property located?
The property is located at 395 E 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,589,000.
What are key features of this property?
This property features: Detached 1‑family home on a 20 x 120 property; 4 bedrooms and 1 full bathroom; Hardwood floors throughout
