Detached Brick & Frame Duplex
For Sale
$1,178,000
7519 Avenue X, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,800 SF
Lot Size0.09 Acres
Price / SF$654.44
Days on Market56
Property Features for 7519 Avenue X
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
r3-1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3
Interior features
Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
Bergen Beach
Standard status
Active
Size
1,800 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10752
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Ceramic
Building materials
Brick, Wood Frame
Architectural style
Ranch
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Barbara Horan
(718) 612-3088
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 30 at 9:06PM
MLS# 502827
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Detached two-family duplex in a ranch-style configuration, constructed with brick and wood frame. The property sits on a 40x100 corner lot (0.0918 acres) and includes approximately 1,800 square feet of interior space. The owners unit features three bedrooms, one bathroom, and hardwood flooring. The top floor provides a bright one-bedroom apartment.
The fully finished basement includes a bathroom and two additional bedrooms, and there is a dedicated laundry area plus appliances including a microwave, refrigerator, and stove. Outdoor space is set up with private parking on the property and a gated side yard.
Zoned R3-1, the home was built in 1965 and is being sold as-is. Access is by appointment only, and the seller requires proof of funds upon request.
The fully finished basement includes a bathroom and two additional bedrooms, and there is a dedicated laundry area plus appliances including a microwave, refrigerator, and stove. Outdoor space is set up with private parking on the property and a gated side yard.
Zoned R3-1, the home was built in 1965 and is being sold as-is. Access is by appointment only, and the seller requires proof of funds upon request.
Key Highlights
- Two‑family detached duplex with brick and wood‑frame construction
- 40x100 corner lot (0.0918 acres)
- Zoned R3‑1, built in 1965
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
$63,039
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
5.35%
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%
$1,260,780
$1.3M
Cap Rate 7%
$900,557
$900.6K
Cap Rate 9%
$700,433
$700.4K
Market Conditions
NOI Build-Up for 1,800 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
$91.8K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.1K $50.03/SF
− OpEx
−$27.0K −$15.01/SF
NOI
$63.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,260,780
Cap Rate 7%
$900,557
Cap Rate 9%
$700,433
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 8.86%
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
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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?
Duplex - Detached two-family duplex on a corner lot with private parking and a gated side yard.
Where is this duplex located?
The property is located at 7519 Avenue X Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,178,000.
What are key features of this property?
This property features: Two‑family detached duplex with brick and wood‑frame construction; 40x100 corner lot (0.0918 acres); Zoned R3‑1, built in 1965
