Modern Corner Office
7024 18th Ave, Brooklyn, NY 11204
Two-story office configuration with reception, conference rooms, and finished basement meeting space.
Property size:
3,400 SFPrice / SF:
$838/SF- Added:
- Apr 21, 2026
- Days on Market:
- 44
- Last Refresh:
- Jun 3 at 1:54 am
Property Features for 7024 18th Ave
General Information
- Standard status
- Active
- Size
- 3,400 SF
Listing agent Daniel J. Calabrese (718) 236-7100
Listing office Calabrese Real Estate (718) 236-7100
Listing date Apr 21, 2026
Source Exprealty
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
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
- Full finished basement features a large meeting room, kitchen, and storage room
- 3 total lavatories (2 in basement, 1 on second floor) plus two central A/C systems (one per floor)
- R5 zoning with C1‑2 overlay; delivered with full possession at closing
Overview
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.
Local Financial Insights For Specialty Retail
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 | $285.6k | $84.00 |
| − Vacancy | −$22.8k | −$6.72 |
| EGI | $262.8k | $77.28 |
| − OpEx | −$65.7k | −$19.32 |
| NOI | $197.1k | $57.96 |
3,400 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 5.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.993554
- Latitude
- 40.616107
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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
