Mixed-Use Building with Finished
For Sale
$1,690,000
7414 18th Avenue, Brooklyn, NY 11204
The property combines a storefront with three residential units and a separately finished basement.
Property Size3,200 SF
Lot Size0.05 Acres
Price / SF$1,056
Days on Market125
Property Features for 7414 18th Avenue
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.05 Acres
Property subtype
Commercial Mixed Use
Zoning
R5
Additional Details
Gross Income
$107,000
Building Details
Building Size
3,200 SF
Year Built
1931
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Ken Zheng
(917) 708-9966
Source:
Kirinny
Added: Apr 28
Changed: Aug 28
Last Checked: Aug 29 at 10:23AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines one storefront with three residential units, creating a configuration that serves both commercial and residential functions. The building measures 20 × 80 feet and sits on a 20 × 104-foot lot. A separate finished basement adds enclosed space beyond the primary building layout.
The property is located at 7414 18th Avenue in Brooklyn, New York 11204. Its storefront and residential unit mix provide a clearly divided commercial and residential arrangement within one building.
The property is located at 7414 18th Avenue in Brooklyn, New York 11204. Its storefront and residential unit mix provide a clearly divided commercial and residential arrangement within one building.
Key Highlights
- Mixed‑use building with 1 store and 3 residential units
- Building measures 20 × 80 feet
- Situated on a 20 × 104‑foot lot
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
$76,727
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
4.54%
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%
$1,534,540
$1.5M
Cap Rate 7%
$1,096,100
$1.1M
Cap Rate 9%
$852,522
$852.5K
Market Conditions
NOI Build-Up for 1,600 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
$124.4K $77.76/SF
− Vacancy
−$14.8K −$9.25/SF
EGI
$109.6K $68.51/SF
− OpEx
−$32.9K −$20.55/SF
NOI
$76.7K $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%
$1,534,540
Cap Rate 7%
$1,096,100
Cap Rate 9%
$852,522
Alternative Uses
Best Use
Retail
$1.10M
$959.1K – $1.28M
NOI $76,727 @ 7.0% cap · market cap 4.54%
Second Best
Mixed Use
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a storefront with three residential units and a separately finished basement.
Where is this mixed-use property located?
The property is located at 7414 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Mixed‑use building with 1 store and 3 residential units; Building measures 20 × 80 feet; Situated on a 20 × 104‑foot lot
