Mixed-Use Building with Corner
New
For Sale
$2,999,000
7401 18th Avenue, Brooklyn, NY 11204
Ground-floor retail space is paired with four three-bedroom apartments above, creating a combination of commercial and residential occupancy.
Property Size5,100 SF
Lot Size0.04 Acres
Price / SF$588.04
Days on Market4
Property Features for 7401 18th Avenue
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Prideestates
Added: Sep 24
Last Checked: Sep 26 at 5:42AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
The mixed-use property contains two ground-floor stores and four three-bedroom apartments on the upper two floors. The retail level includes a mini market at the front and a clothing store at the rear. A separate entrance along the side provides access to the residences, with two apartments on each upper floor. The building contains 5,100 square feet and occupies a 20-by-97-foot lot; the structure measures 20 by 95 feet.
Situated at 7401 18th Avenue in Brooklyn, the property is a corner building with retail and residential components under one roof.
Situated at 7401 18th Avenue in Brooklyn, the property is a corner building with retail and residential components under one roof.
Key Highlights
- Two ground‑floor stores: a front mini market and a rear clothing store
- Four three‑bedroom apartments, with two units on each of the top two floors
- Separate side entrance serves the residential units
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
$244,568
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
8.15%
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%
$4,891,360
$4.9M
Cap Rate 7%
$3,493,829
$3.5M
Cap Rate 9%
$2,717,422
$2.7M
Market Conditions
NOI Build-Up for 5,100 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
$396.6K $77.76/SF
− Vacancy
−$47.2K −$9.25/SF
EGI
$349.4K $68.51/SF
− OpEx
−$104.8K −$20.55/SF
NOI
$244.6K $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%
$4,891,360
Cap Rate 7%
$3,493,829
Cap Rate 9%
$2,717,422
Alternative Uses
Best Use
Specialty Retail
$4.22M
$3.69M – $4.93M
NOI $295,596 @ 7.0% cap · market cap 9.86%
Second Best
Retail
$3.49M
$3.06M – $4.08M
NOI $244,568 @ 7.0% cap · market cap 8.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,822
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - Ground-floor retail space is paired with four three-bedroom apartments above, creating a combination of commercial and residential occupancy.
Where is this mixed-use property located?
The property is located at 7401 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Two ground‑floor stores: a front mini market and a rear clothing store; Four three‑bedroom apartments, with two units on each of the top two floors; Separate side entrance serves the residential units
