Prewar Co-op
4012 7TH Avenue 5, Brooklyn, NY 11232
For Sale
$520,000
A two-bedroom home combines period detailing with shared laundry, roof access, and an included storage unit.
Property Size730 SF
Price / SF$712.33
Days on Market9
Property Features for 4012 7TH Avenue 5
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
laundry room
roof deck
storage unit
Building Details
Building Size
Year Built
Construction
Listing Agency:
POLJAN PROPERTIES INC
Listed By:
Peter J Poljan
(718) 484-4776
Source:
Penrealty
Added: Nov 7
Changed: Nov 14
Last Checked: Nov 14 at 12:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of POLJAN PROPERTIES INC
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Investment Insights
Based on property information with market context.
This 730-square-foot, second-floor co-op in a 1925 Art Deco walk-up has two bedrooms and one bath. Its plan includes an entry foyer, living room, and windowed eat-in kitchen with a gas range, microwave, dishwasher, and pantry. Original French doors, parquet flooring, exposed brick, and four closets add character and storage. The corner bedroom has windows on two sides, and the bathroom is also windowed.
Building amenities include a live-in superintendent, laundry room, and common roof deck with neighborhood and skyline views. A storage unit is included. The co-op permits financing up to 90% and considers pets individually.
Sunset Park is a block away, with lawns, walking paths, a recreation center, and an outdoor public pool. Nearby transit includes the D train at 9th Avenue and the N and R trains at 36th Street. Local dining, shopping, cafés, and bakeries are also found throughout the area.
Building amenities include a live-in superintendent, laundry room, and common roof deck with neighborhood and skyline views. A storage unit is included. The co-op permits financing up to 90% and considers pets individually.
Sunset Park is a block away, with lawns, walking paths, a recreation center, and an outdoor public pool. Nearby transit includes the D train at 9th Avenue and the N and R trains at 36th Street. Local dining, shopping, cafés, and bakeries are also found throughout the area.
Key Highlights
- 730‑square‑foot, two‑bedroom, one‑bath co‑op apartment
- 1925 Art Deco walk‑up with a live‑in superintendent, laundry room, and shared roof deck
- Second‑floor layout includes a windowed eat‑in kitchen, pantry, and four closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,286
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,720
$445.7K
Cap Rate 7%
$318,371
$318.4K
Cap Rate 9%
$247,622
$247.6K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$41.3K $56.64/SF
− Vacancy
−$827 −$1.13/SF
EGI
$40.5K $55.51/SF
− OpEx
−$18.2K −$24.98/SF
NOI
$22.3K $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 Rate 5%
$445,720
Cap Rate 7%
$318,371
Cap Rate 9%
$247,622
Alternative Uses
Best Use
Apartment 5plus
$318.4K
$278.6K – $371.4K
NOI $22,286 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$604.4K
$528.9K – $705.2K
NOI $42,311 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom home combines period detailing with shared laundry, roof access, and an included storage unit.
Where is this residential income property located?
The property is located at 4012 7TH Avenue 5 Brooklyn, NY.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 730‑square‑foot, two‑bedroom, one‑bath co‑op apartment; 1925 Art Deco walk‑up with a live‑in superintendent, laundry room, and shared roof deck; Second‑floor layout includes a windowed eat‑in kitchen, pantry, and four closets
