Brooklyn Apartment For
For Sale
$425,000
7423 RIDGE Boulevard 6G, Brooklyn, NY 11209
Apartment in Brooklyn available for purchase.
Property Size950 SF
Price / SF$447.37
Days on Market332
Property Features for 7423 RIDGE Boulevard 6G
General Information
Standard status
Active
Size
950 SF
Property subtype
Apartment
Building Details
Building Size
950 SF
Year Built
1957
Listing Agency:
Corcoran Group
Listed By:
Laurie M Savino · License #10301220735 (NY)
(718) 309-4054
Source:
Howardhannanyc
Added: Nov 28, 2025
Changed: Oct 26
Last Checked: Oct 25 at 12:44AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Located in Brooklyn, New York, this apartment is available for sale. The property is situated at 7423 Ridge Blvd, Unit 6G. The list price is $399,000.
Key Highlights
- Year Built: 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,003
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,060
$580.1K
Cap Rate 7%
$414,329
$414.3K
Cap Rate 9%
$322,256
$322.3K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$53.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.7K $55.51/SF
− OpEx
−$23.7K −$24.98/SF
NOI
$29.0K $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%
$580,060
Cap Rate 7%
$414,329
Cap Rate 9%
$322,256
Alternative Uses
Best Use
Apartment 5plus
$414.3K
$362.5K – $483.4K
NOI $29,003 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$786.6K
$688.3K – $917.7K
NOI $55,062 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment in Brooklyn available for purchase.
Where is this apartment building located?
The property is located at 7423 RIDGE Boulevard 6G Brooklyn, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Year Built: 1930
