Mixed-Use Building with
7402 13th Avenue, Brooklyn, NY 11228
For Sale
$2,398,000
The property brings together two storefronts and six apartments, with a built-in garage for one car.
Property Size6,100 SF
Price / SF$393.11
Days on Market90
Property Features for 7402 13th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Amenities
garage
Parquet
Gas
4+
8
6100
Cellar
Brick
2000
Poured Concrete
20.00
20
Built-In Garage
100.00
100
Yes
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Vincent Blandino · License NY BLANT5781
(718) 232-1004
Source:
Suitsre
Added: Aug 16
Changed: Nov 11
Last Checked: Nov 13 at 4:19AM
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 MadisonEstates Sothebys Realty
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Investment Insights
Based on property information with market context.
This 6,100-square-foot mixed-use building, constructed in 1927, contains two storefronts and six apartments, including some two- and three-bedroom layouts. A built-in one-car garage and cellar are also part of the property. The zoning designation is R6B/C1-3.
At the corner of 13th Avenue in Brooklyn’s Dyker Heights, the building has received several improvements. Work includes repointing on all three sides, replacement windows throughout, and conversion of gas service to electric in the six apartments. Steel beams were installed in the basement, and the hallways, lobby, and fire escape were painted. The exterior basement-entry door was also replaced.
At the corner of 13th Avenue in Brooklyn’s Dyker Heights, the building has received several improvements. Work includes repointing on all three sides, replacement windows throughout, and conversion of gas service to electric in the six apartments. Steel beams were installed in the basement, and the hallways, lobby, and fire escape were painted. The exterior basement-entry door was also replaced.
Key Highlights
- Two storefronts and six apartments, including some two- and three‑bedroom layouts
- 6,100‑square‑foot building constructed in 1927
- Built‑in one‑car garage and cellar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,227
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,724,540
$3.7M
Cap Rate 7%
$2,660,386
$2.7M
Cap Rate 9%
$2,069,189
$2.1M
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$345.5K $56.64/SF
− Vacancy
−$6.9K −$1.13/SF
EGI
$338.6K $55.51/SF
− OpEx
−$152.4K −$24.98/SF
NOI
$186.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,724,540
Cap Rate 7%
$2,660,386
Cap Rate 9%
$2,069,189
Alternative Uses
Best Use
Retail
$4.18M
$3.66M – $4.88M
NOI $292,523 @ 7.0% cap · market cap 12.20%
Second Best
Mixed Use
$3.16M
$2.77M – $3.69M
NOI $221,430 @ 7.0% cap · market cap 9.23%
Theoretical Best
Specialty Retail
$5.05M
$4.42M – $5.89M
NOI $353,556 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,079
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property brings together two storefronts and six apartments, with a built-in garage for one car.
Where is this mixed-use property located?
The property is located at 7402 13th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,398,000.
What are key features of this property?
This property features: Two storefronts and six apartments, including some two- and three‑bedroom layouts; 6,100‑square‑foot building constructed in 1927; Built‑in one‑car garage and cellar
