7401 18th Avenue, Brooklyn, NY 11204

Building Details

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Stories 3 More

Tenancy Multi More

Listing Agency: RE/MAX Edge

Listed By: Jason Zhou · License NY JZ1320 Show Phone

Source: Prideestates

Added: Sep 24 Changed: Nov 12 Last Checked: Nov 12 at 6:47AM

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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.

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 / Yr

$185,130

Cap Rate

7.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,702,600 $3.7M

Cap Rate 7%

$2,644,714 $2.6M

Cap Rate 9%

$2,057,000 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,100 SF

Gross rent

$336.6K $66.00/SF

− Vacancy

−$40.4K −$7.92/SF

EGI

$296.2K $58.08/SF

− OpEx

−$111.1K −$21.78/SF

NOI

$185.1K $36.30/SF

Area

Brooklyn, NY

Vacancy

12.00%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,702,600

Cap Rate 7%

$2,644,714

Cap Rate 9%

$2,057,000

Alternative Uses

Best Use

Specialty Retail

$4.22M

$3.69M – $4.93M (±1% cap)

NOI $295,596 @ 7.0% cap · market cap 11.37%

Second Best

Retail

$3.49M

$3.06M – $4.08M (±1% cap)

NOI $244,568 @ 7.0% cap · market cap 9.41%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Emanuel Mini Market ... Take-out & Catering Med Group LLC Physician Alexander Goldshmidt Eye Care

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY

$709 Jul

$640 Aug

$678 Sep

$637 Oct

Properties on Market for Mixed-use properties in Brooklyn

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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 $2,600,000.

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