Mixed-Use Storefront
New
For Sale
$1,998,000
7405 18th Avenue, Brooklyn, NY 11204
The upper floor contains a two-bedroom apartment and a studio, while the first floor is configured as a store.
Property Size1,920 SF
Price / SF$1,040
Days on Market5
Property Features for 7405 18th Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR, 1 x Studio
Multifamily Units
2
Amenities
half bath
meeting area
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Winzone Realty Inc
Listed By:
Fei E. (Anny) Lin · License #10401320835
(718) 676-6611
Source:
Prideestates
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 8:26PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor store measuring 1,920 square feet with two residential units above: a two-bedroom apartment and a studio. The basement includes a boiler room, half bath, and meeting area. The building was renovated five years ago, with new marble flooring in the basement and hardwood flooring on the first and second floors. Improvements also include a new boiler, gas piping, hot-water boilers for each residential unit, and new appliances. All units are vacant.
Key Highlights
- 1,920‑square‑foot store on the first floor
- Second‑floor residences include a two‑bedroom unit and a studio
- Basement has a boiler room, half bath, and meeting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,073
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,841,460
$1.8M
Cap Rate 7%
$1,315,329
$1.3M
Cap Rate 9%
$1,023,033
$1.0M
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$149.3K $77.76/SF
− Vacancy
−$17.8K −$9.25/SF
EGI
$131.5K $68.51/SF
− OpEx
−$39.5K −$20.55/SF
NOI
$92.1K $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 Rate 5%
$1,841,460
Cap Rate 7%
$1,315,329
Cap Rate 9%
$1,023,033
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.53M
NOI $92,073 @ 7.0% cap · market cap 4.61%
Second Best
Mixed Use
$995.7K
$871.2K – $1.16M
NOI $69,696 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper floor contains a two-bedroom apartment and a studio, while the first floor is configured as a store.
Where is this mixed-use property located?
The property is located at 7405 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 1,920‑square‑foot store on the first floor; Second‑floor residences include a two‑bedroom unit and a studio; Basement has a boiler room, half bath, and meeting area
