Bensonhurst Mixed-Use Investment
For Sale
$2,200,000
Pending
7102 18th Avenue, Brooklyn, NY 11204
Mixed-use building with apartments and commercial units in prime location.
Property Size4,500 SF
Days on Market144
Property Features for 7102 18th Avenue
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
Mixed Use
Building Details
Year Built
1931
Listing Agency:
Real Broker NY LLC
(718) 269-4598
Listed By:
Nancy Groppo · License #ng9922
(718) 269-4598
Source:
Compass
Added: Mar 16
Changed: Jul 10
Last Checked: Aug 5 at 12:24PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This mixed-use building presents an investment opportunity in Bensonhurst. The property includes four one-bedroom apartments and two commercial units. The building benefits from a relatively new roof, installed two years ago, along with a new boiler and a two-year-old hot water heater. Anderson windows are installed throughout the building. The location provides high foot traffic and convenient access to transportation and shopping centers. The property size is 4,500 square feet.
Key Highlights
- Prime Bensonhurst location with high foot traffic, ideal for commercial tenants.
- Mixed‑use building with four apartments and two commercial units offers diverse income streams.
- New roof (2 years old) and hot water heater (2 years old) minimize immediate maintenance costs.
Financial Insights For Mixed Use
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 | $297.0k | $66.00 |
| − Vacancy | −$35.6k | −$7.92 |
| EGI | $261.4k | $58.08 |
| − OpEx | −$98.0k | −$21.78 |
| NOI | $163.4k | $36.30 |
4,500 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 9.81%
Second Best
Mixed Use
$2.33M
$2.04M – $2.72M
NOI $163,350 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with apartments and commercial units in prime location.
Where is this mixed-use property located?
The property is located at 7102 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime Bensonhurst location with high foot traffic, ideal for commercial tenants.; Mixed‑use building with four apartments and two commercial units offers diverse income streams.; New roof (2 years old) and hot water heater (2 years old) minimize immediate maintenance costs.
