Renovated Brick
For Sale
$1,349,000
7263 Bergen Ct, Brooklyn, NY 11234
Multi-level property with a hospitality suite, finished basement, terrace, private backyard, garage, and two-car driveway.
Property Size3,013 SF
Days on Market11
Property Features for 7263 Bergen Ct
General Information
Standard status
Active
Size
3,013 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,799
Amenities
terrace
finished basement
private backyard
Building Details
Building Size
3,013 SF
Year Built
1970
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Bergen Basin Realty
Listed By:
Tammy Barmack
(718) 763-4110
Source:
Elliman
Added: Aug 28
Changed: Sep 2
Last Checked: Sep 7 at 7:33AM
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 Bergen Basin Realty
Investment Insights
Based on property information with market context.
This all-brick duplex property was renovated throughout and features a split-level layout described as 6½ over 6½, along with a hospitality suite and finished basement. Interior spaces include formal living and dining rooms, while the exterior provides a large terrace, private backyard area, garage, and private drive for 2 cars. Two apartments are vacant at closing.
Built in 1970, the property is located at 7263 Bergen Ct in Brooklyn, NY 11234. The location records a walk score of 93, a transit score of 79, and a bike score of 58, placing the property within a highly walkable, transit-accessible setting.
Built in 1970, the property is located at 7263 Bergen Ct in Brooklyn, NY 11234. The location records a walk score of 93, a transit score of 79, and a bike score of 58, placing the property within a highly walkable, transit-accessible setting.
Key Highlights
- All‑brick duplex renovated throughout
- 6½ over 6½ split‑level configuration with hospitality suite
- Two apartments vacant at closing
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
$105,520
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
7.82%
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%
$2,110,400
$2.1M
Cap Rate 7%
$1,507,429
$1.5M
Cap Rate 9%
$1,172,444
$1.2M
Market Conditions
NOI Build-Up for 3,013 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
$153.7K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.7K $50.03/SF
− OpEx
−$45.2K −$15.01/SF
NOI
$105.5K $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 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%
$2,110,400
Cap Rate 7%
$1,507,429
Cap Rate 9%
$1,172,444
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,520 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,984 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,633 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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?
Duplex - Multi-level property with a hospitality suite, finished basement, terrace, private backyard, garage, and two-car driveway.
Where is this duplex located?
The property is located at 7263 Bergen Ct Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: All‑brick duplex renovated throughout; 6½ over 6½ split‑level configuration with hospitality suite; Two apartments vacant at closing
