Duplex Property with Finished
For Sale
$959,000
7320 Avenue T, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,732 SF
Lot Size0.08 Acres
Price / SF$553.70
Days on Market108
Property Features for 7320 Avenue T
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features
Porch, Patio
Interior features
A/C Unit - Wall, Central Air, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer, Window Treatments
Basement
Full, Finished
Subdivision
Bergen Beach
Standard status
Active
Size
1,732 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8542
Amenities
custom-designed kitchen
full finished basement
beautifully maintained backyard
Building Details
Year built
1960
Flooring type
Ceramic, Marble, Parquet Wood
Roof type
Flat
Architectural style
Other
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: May 18
Changed: Sep 1
Last Checked: Sep 2 at 3:06PM
MLS# 501477
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 duplex property occupies a 0.0823-acre corner lot and provides 1,732 square feet of residential space. The layout includes 3 bedrooms and 3 bathrooms, along with a custom kitchen, full finished basement, central air, wall A/C, and a dedicated laundry area. Interior finishes include parquet wood, ceramic, and marble flooring. A tiled patio and porch extend the usable space outdoors, while the flat roof and 1960 construction date add to the property's physical profile.
Located in Brooklyn's Bergen Beach area, the property is on a quiet residential block near schools, parks, shopping, restaurants, and transportation. The home is within the 11234 postal area and is zoned R3. Additional features include a dishwasher, refrigerator, stove, microwave, washer, and dryer.
Located in Brooklyn's Bergen Beach area, the property is on a quiet residential block near schools, parks, shopping, restaurants, and transportation. The home is within the 11234 postal area and is zoned R3. Additional features include a dishwasher, refrigerator, stove, microwave, washer, and dryer.
Key Highlights
- Duplex property with 1,732 square feet of space
- 0.0823‑acre corner lot in Brooklyn, NY 11234
- 3 bedrooms and 3 bathrooms
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
$60,658
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
6.33%
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%
$1,213,160
$1.2M
Cap Rate 7%
$866,543
$866.5K
Cap Rate 9%
$673,978
$674.0K
Market Conditions
NOI Build-Up for 1,732 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
$88.3K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.7K $50.03/SF
− OpEx
−$26.0K −$15.01/SF
NOI
$60.7K $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%
$1,213,160
Cap Rate 7%
$866,543
Cap Rate 9%
$673,978
Alternative Uses
Best Use
Multifamily LT 5
$866.5K
$758.2K – $1.01M
NOI $60,658 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$755.4K
$661.0K – $881.3K
NOI $52,876 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,387 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
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 - Corner-lot residential property with a custom kitchen, finished lower level, outdoor patio, and porch.
Where is this duplex located?
The property is located at 7320 Avenue T Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Duplex property with 1,732 square feet of space; 0.0823‑acre corner lot in Brooklyn, NY 11234; 3 bedrooms and 3 bathrooms
