Residential Income
For Sale
$475,000
495 E 7th Street 6C, Brooklyn, NY 11218
Renovated one-bedroom, one-bathroom co-op residence in an elevator building.
Property Size876 SF
Price / SF$542.24
Days on Market16
Property Features for 495 E 7th Street 6C
General Information
Standard status
Active
Size
876 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
parking
storage
Building Details
Building Size
876 SF
Year Built
1962
Listing Agency:
Corcoran Group
Listed By:
Jessica L Buchman · License #10301200330
(917) 579-8641
Source:
Miradorrealestate
Added: Oct 13
Changed: Oct 27
Last Checked: Oct 26 at 10:05PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 876-square-foot co-op residence has one bedroom and one bathroom. Renovations include a redesigned kitchen, and the home is in an elevator building constructed in 1962.
The property is at 495 E 7th Street in Brooklyn, near Cortelyou Road cafes, restaurants, and a farmers market, as well as Prospect Park. Parking and storage are available for additional monthly fees.
The property is at 495 E 7th Street in Brooklyn, near Cortelyou Road cafes, restaurants, and a farmers market, as well as Prospect Park. Parking and storage are available for additional monthly fees.
Key Highlights
- 876‑square‑foot co‑op residence with one bedroom and one bathroom
- Renovated kitchen
- Elevator building constructed in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,743
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,860
$534.9K
Cap Rate 7%
$382,043
$382.0K
Cap Rate 9%
$297,144
$297.1K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$49.6K $56.64/SF
− Vacancy
−$992 −$1.13/SF
EGI
$48.6K $55.51/SF
− OpEx
−$21.9K −$24.98/SF
NOI
$26.7K $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%
$534,860
Cap Rate 7%
$382,043
Cap Rate 9%
$297,144
Alternative Uses
Best Use
Apartment 5plus
$382.0K
$334.3K – $445.7K
NOI $26,743 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$725.3K
$634.7K – $846.2K
NOI $50,773 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,449
Businesses Nearby
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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?
Residential income property - Renovated one-bedroom, one-bathroom co-op residence in an elevator building.
Where is this residential income property located?
The property is located at 495 E 7th Street 6C Brooklyn, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 876‑square‑foot co‑op residence with one bedroom and one bathroom; Renovated kitchen; Elevator building constructed in 1962
