Two-Family Mixed-Use
For Sale
$2,200,000
Pending
7113 18th Avenue, Brooklyn, NY 11204
Brick construction combines residential occupancy with a commercial component in a neighborhood served by shopping, dining, and public transportation.
Property Size3,420 SF
Days on Market163
Property Features for 7113 18th Avenue
General Information
Standard status
Pending
Size
3,420 SF
Property subtype
Mixed Use
Net Operating Income
$167,083
Taxes and HOA fees
Annual Taxes
$11,417
Amenities
110 V
Other
3
Full, Other
Poured Concrete
Block
Brick
Building Details
Year Built
1931
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #hc3855
(917) 708-9966
Source:
Compass
Added: Mar 26
Changed: Sep 2
Last Checked: Sep 2 at 11:29PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This mixed-use property at 7113 18th Avenue includes two residential units and a commercial component within a 3,420-square-foot building. The structure measures 19 by 60 feet on a 19 by 80-foot lot, providing a compact configuration for combined residential and commercial use. Brick exterior construction and a 1931 build date further define the asset.
The property is situated in Brooklyn, near shopping, restaurants, and public transportation. Its location and combination of residential and commercial space create a flexible profile for an owner-user or investor, as supported by the existing configuration.
The property is situated in Brooklyn, near shopping, restaurants, and public transportation. Its location and combination of residential and commercial space create a flexible profile for an owner-user or investor, as supported by the existing configuration.
Key Highlights
- Mixed‑use property with two residential units and a commercial component
- 3,420‑square‑foot building on a 19 by 80‑foot lot
- Building measures 19 by 60 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$164,005
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,280,100
$3.3M
Cap Rate 7%
$2,342,929
$2.3M
Cap Rate 9%
$1,822,278
$1.8M
Market Conditions
NOI Build-Up for 3,420 SF
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.
Gross rent
$265.9K $77.76/SF
− Vacancy
−$31.6K −$9.25/SF
EGI
$234.3K $68.51/SF
− OpEx
−$70.3K −$20.55/SF
NOI
$164.0K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,280,100
Cap Rate 7%
$2,342,929
Cap Rate 9%
$1,822,278
Alternative Uses
Best Use
Retail
$2.34M
$2.05M – $2.73M
NOI $164,005 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,146 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,223 @ 7.0% cap · market cap 9.01%
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 - Brick construction combines residential occupancy with a commercial component in a neighborhood served by shopping, dining, and public transportation.
Where is this mixed-use property located?
The property is located at 7113 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: Mixed‑use property with two residential units and a commercial component; 3,420‑square‑foot building on a 19 by 80‑foot lot; Building measures 19 by 60 feet
