Modern Corner Office
7024 18th Ave Brooklyn, NY 11204
7024 18th Ave, Brooklyn, NY, 11204
$2,850,000
For Sale
$2,850,000
Two-story office configuration with reception, conference rooms, and finished basement meeting space.
Property Size3,400 SF
Price / SF$838.24
Days on Market93
Property Features for 7024 18th Ave
General Information
- Standard status
- Active
- Size
- 3,400 SF
Listing agency
Calabrese Real Estate
(718) 236-7100
Listed by
Daniel J. Calabrese
(718) 236-7100
Source
Exprealty
Added: Apr 21 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 10:46PM
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 Calabrese Real Estate
Investment Insights
Based on property information with market context.
This modern glass corner building offers two floors of commercial space plus a full, finished basement. The first floor is arranged with a reception and waiting area, two conference rooms, and a large executive boardroom, while the second floor provides additional open office space along with three private offices, including an executive office with a private terrace. The basement includes a large meeting room, kitchen, and storage room, supporting a wide range of operational needs. Overall, the building has three lavatories total, two located on the basement level and one on the second floor. Two central air conditioning systems, one serving each floor, help maintain comfort across the footprint. Upgraded LED lighting is installed throughout the building, and the corner position provides strong signage exposure.
Located on a corner along 18th Avenue in a prime Bensonhurst neighborhood, the property is one of the few buildings in the immediate area with two floors of commercial space under its certificate of occupancy. It is currently delivered with full possession at closing, allowing the next owner to control the space configuration and operations from the outset.
With R5 zoning and a C1-2 overlay, the building is well suited for professional services and office tenants, and it is also positioned for use as a bank, retail, or medical space. The predominantly open layouts combined with private office rooms and multiple meeting areas make it practical for organizations that need both flexible workspace and dedicated conference facilities.
Located on a corner along 18th Avenue in a prime Bensonhurst neighborhood, the property is one of the few buildings in the immediate area with two floors of commercial space under its certificate of occupancy. It is currently delivered with full possession at closing, allowing the next owner to control the space configuration and operations from the outset.
With R5 zoning and a C1-2 overlay, the building is well suited for professional services and office tenants, and it is also positioned for use as a bank, retail, or medical space. The predominantly open layouts combined with private office rooms and multiple meeting areas make it practical for organizations that need both flexible workspace and dedicated conference facilities.
Key Highlights
- Two‑story commercial office building with predominantly open layout, reception area, waiting area, and conference rooms
- First‑floor space includes two conference rooms and a large executive boardroom; second floor offers open office space plus three private offices
- Second floor includes an executive office with its own private terrace
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $43.20 |
| − Vacancy | −$33.8k | −$9.94 |
| EGI | $113.1k | $33.26 |
| − OpEx | −$28.3k | −$8.32 |
| NOI | $84.8k | $24.95 |
3,400 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 2.98%
Second Best
Healthcare Medical
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Two-story office configuration with reception, conference rooms, and finished basement meeting space.
Where is this office building located?
The property is located at 7024 18th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two‑story commercial office building with predominantly open layout, reception area, waiting area, and conference rooms; First‑floor space includes two conference rooms and a large executive boardroom; second floor offers open office space plus three private offices; Second floor includes an executive office with its own private terrace
