Corner Mixed-Use
For Sale
$3,199,000
7502 18th Avenue, Brooklyn, NY 11214
Brick construction combines residential units, street-level retail, and basement storage within an income-producing layout.
Property Size7,776 SF
Price / SF$411.39
Days on Market361
Property Features for 7502 18th Avenue
General Information
Standard status
Active
Size
7,776 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$66,667
Amenities
220 V
Hardwood
4+
11
Full, Unfinished
Poured Concrete
Brick
Other
Building Details
Year Built
1930
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #vitlo524
(718) 532-2000
Source:
Compass
Added: Aug 29, 2025
Changed: Aug 23
Last Checked: Aug 23 at 12:55PM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This 1930-built mixed-use property is a solid-brick corner building with 7,776 square feet of space. The configuration includes 9 residential units above 2 retail spaces at street level, creating a blend of apartment and commercial occupancy within one structure. Multiple vacancies are present across the property, while the full basement provides rentable storage space with existing income generation.
The property is located at 7502 18th Ave in Brooklyn’s Bensonhurst neighborhood, along 18th Avenue. Its R5 zoning supports the existing mixed-use format. The combination of residential units, street-level retail, and basement storage creates a varied physical layout with separate revenue components.
The property is located at 7502 18th Ave in Brooklyn’s Bensonhurst neighborhood, along 18th Avenue. Its R5 zoning supports the existing mixed-use format. The combination of residential units, street-level retail, and basement storage creates a varied physical layout with separate revenue components.
Key Highlights
- 9 residential units and 2 street‑level retail spaces
- 7,776‑square‑foot mixed‑use building
- Solid‑brick corner construction completed in 1930
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
$190,080
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
5.94%
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%
$3,801,600
$3.8M
Cap Rate 7%
$2,715,429
$2.7M
Cap Rate 9%
$2,112,000
$2.1M
Market Conditions
NOI Build-Up for 7,776 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
$359.3K $46.20/SF
− Vacancy
−$13.7K −$1.76/SF
EGI
$345.6K $44.44/SF
− OpEx
−$155.5K −$20.00/SF
NOI
$190.1K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$3,801,600
Cap Rate 7%
$2,715,429
Cap Rate 9%
$2,112,000
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,080 @ 7.0% cap · market cap 5.94%
Second Best
Mixed Use
$2.36M
$2.06M – $2.75M
NOI $165,063 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,530 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Brick construction combines residential units, street-level retail, and basement storage within an income-producing layout.
Where is this mixed-use property located?
The property is located at 7502 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 9 residential units and 2 street‑level retail spaces; 7,776‑square‑foot mixed‑use building; Solid‑brick corner construction completed in 1930
