Renovated Brick
For Sale
$1,349,000
7263 Bergen Court, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size3,013 SF
Lot Size0.05 Acres
Price / SF$447.73
Days on Market12
Property Features for 7263 Bergen Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 1, Bedroom 2
Parking features
Garage - Attached
Interior features
Central Air, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Full, Finished
Subdivision
Bergen Beach
Standard status
Active
Size
3,013 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10799
Amenities
terrace
private backyard
finished basement
Building Details
Year built
1970
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Irene Sender
(718) 968-4444
Added: Aug 26
Changed: Sep 5
Last Checked: Sep 6 at 6:06AM
MLS# 504069
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,013-square-foot duplex was built in 1970 and recently renovated, with brick construction, hardwood flooring, central air, and a finished basement. The layout includes formal living and dining rooms, a terrace, private backyard space, and a kitchen equipped with a dishwasher, microwave, refrigerator, and stove. Laundry equipment is also included.
The property sits on 0.0494 acres and has an attached garage with a private drive providing parking for two cars. Two apartments are scheduled to be vacant at closing, while the remaining apartments are owner occupied. The property is zoned R5 and includes a flat roof.
The property sits on 0.0494 acres and has an attached garage with a private drive providing parking for two cars. Two apartments are scheduled to be vacant at closing, while the remaining apartments are owner occupied. The property is zoned R5 and includes a flat roof.
Key Highlights
- 3,013 square feet on a 0.0494‑acre lot
- Duplex with two apartments vacant at closing
- Recently renovated brick construction with hardwood flooring
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned multifamily property with a finished basement, terrace, private outdoor space, and attached garage.
Where is this duplex located?
The property is located at 7263 Bergen Court 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: 3,013 square feet on a 0.0494‑acre lot; Duplex with two apartments vacant at closing; Recently renovated brick construction with hardwood flooring
