Two-Family Corner
7002 7th Avenue, Brooklyn, NY 11209
For Sale
New
$2,900,000
Residential, Brooklyn, NY
Property Size2,952 SF
Lot Size0.06 Acres
Price / SF$982.38
Days on Market2
Property Features for 7002 7th Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
garage
off-street parking
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
John A Maguire Real Estate, LL
Listed By:
Steven Maguire Jr.
(718) 836-4330
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 505938
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.
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Investment Insights
Based on property information with market context.
This two-family duplex has 2,952 square feet across two stories on a 2,520-square-foot corner lot. Brick construction dates to 1966, and the property includes separate entrances, an attached garage, and off-street parking. A new HVAC system is among its recent improvements. Interior features include hardwood and carpet flooring, central air, a terrace, and a washer.
At 7002 7th Avenue in Brooklyn, the property is near shopping and restaurants along 8th Avenue, as well as public transportation and other neighborhood conveniences. The zoning designation is R4-1.
At 7002 7th Avenue in Brooklyn, the property is near shopping and restaurants along 8th Avenue, as well as public transportation and other neighborhood conveniences. The zoning designation is R4-1.
Key Highlights
- Two‑family duplex with 2,952 square feet of building space
- Corner lot measuring 2,520 square feet
- Two stories with separate entrances
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,975
Businesses Nearby
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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
$905,700
Median Home Value
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Market
Average Price Trend$/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 - Brick construction, separate entrances, an attached garage, and off-street parking serve this two-story residential property.
Where is this duplex located?
The property is located at 7002 7th Avenue 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 duplex with 2,952 square feet of building space; Corner lot measuring 2,520 square feet; Two stories with separate entrances
