Two-Family Duplex with
7002 7th Ave, Brooklyn, NY 11209
For Sale
New
$2,900,000
Residential Income, Brooklyn, NY
Property Size2,952 SF
Lot Size0.08 Acres
Price / SF$982.38
Days on Market2
Property Features for 7002 7th Ave
General Information
Property type
Property subtype
Zoning description
Interior features
High school district
Standard status
APN
Lot size
Amenities
garage
off-street parking
separate entrances
Building Details
Year built
Buildings
Listing Agency:
JOHN A MAGUIRE REAL ESTATE LLC
(646) 320-6289
Listed By:
Steven Maguire
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 12061141
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.
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Investment Insights
Based on property information with market context.
This two-story brick duplex in Brooklyn is recorded as a two-family property. It contains approximately 2,952 square feet on a 2,520-square-foot lot, with separate entrances, a garage, and off-street parking. A new HVAC system is among its recent improvements; the building dates to 1966.
The property occupies a corner site at 7002 7th Ave, near shopping, restaurants, and public transportation along 8th Avenue.
The property occupies a corner site at 7002 7th Ave, near shopping, restaurants, and public transportation along 8th Avenue.
Key Highlights
- Two‑family property with approximately 2,952 SF of building area
- 2,520 SF corner lot in Brooklyn
- Two‑story brick construction, built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,384
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,067,680
$2.1M
Cap Rate 7%
$1,476,914
$1.5M
Cap Rate 9%
$1,148,711
$1.1M
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$150.6K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$147.7K $50.03/SF
− OpEx
−$44.3K −$15.01/SF
NOI
$103.4K $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 Rate 5%
$2,067,680
Cap Rate 7%
$1,476,914
Cap Rate 9%
$1,148,711
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,384 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,121 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $171,098 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Distinct entrances and off-street parking complement the two-story brick residence.
Where is this duplex located?
The property is located at 7002 7th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Two‑family property with approximately 2,952 SF of building area; 2,520 SF corner lot in Brooklyn; Two‑story brick construction, built in 1966
