Mixed-Use Property with
New
For Sale
$1,998,000
7405 18 Avenue, Brooklyn, NY 11204
Residential Income, Brooklyn, NY
Property Size1,920 SF
Price / SF$1,040
Days on Market1
Property Features for 7405 18 Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Basement, Bathroom 1, Bedroom 1
Parking features
Open
Interior features
Eat-in Kitchen
Basement
Finished
Elementary school
Ps 186 Dr Irving A Gladstone
Middle school
Jhs 227 Edward B Shallow
High school
Fort Hamilton High School
Elementary school district
Brooklyn 20
Middle school district
Brooklyn 20
High school district
Brooklyn 20
Standard status
Active
APN
3062160008
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17111
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1931
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(917) 678-8888
Added: Oct 5
Last Checked: Oct 5 at 10:06PM
MLS# 1058737
Copyright © 2026 OneKey MLS. 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 brick mixed-use property combines a ground-floor store measuring 1,920 square feet with two apartments on the floor above: a two-bedroom unit and a studio. The basement contains a boiler room, half bath, and meeting area. The units and store are vacant.
Renovation work was completed five years ago. Improvements include a new boiler, gas piping, marble basement flooring, hardwood flooring on the first and second floors, and a hot water boiler in each apartment. New appliances are also included.
Renovation work was completed five years ago. Improvements include a new boiler, gas piping, marble basement flooring, hardwood flooring on the first and second floors, and a hot water boiler in each apartment. New appliances are also included.
Key Highlights
- 1,920‑square‑foot ground‑floor storefront
- Two upper‑floor apartments: one 2‑bedroom unit and one studio
- Basement includes 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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units sit above a ground-floor retail space, with a finished basement area and building systems updated five years ago.
Where is this mixed-use property located?
The property is located at 7405 18 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 ground‑floor storefront; Two upper‑floor apartments: one 2‑bedroom unit and one studio; Basement includes a boiler room, half bath, and meeting area
