Brick Mixed-Use Corner
For Sale
$2,180,000
7525 15th Avenue, Brooklyn, NY 11228
Four residential units accompany a store and a finished basement.
Property Size4,550 SF
Price / SF$479.12
Days on Market50
Property Features for 7525 15th Avenue
General Information
Standard status
Active
Size
4,550 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Building Details
Buildings
1
Construction
brick
Listing Agency:
Winzone Realty Inc
(718) 676-6611
Listed By:
Xue Huan (Lily) Zhu
(718) 676-6611
Source:
Prideestates
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 29 at 9:24AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This all-brick corner property combines four dwellings with one store in a residential neighborhood in Bensonhurst. The residential component includes three two-bedroom units and one three-bedroom unit. Each dwelling has separate meters for cooking gas and electricity, and three units are expected to be vacant at closing.
The store is equipped with HVAC units, while the large finished basement provides additional usable space. The property is located near B4 bus service and D train stations, with a range of establishments situated along 13th Avenue and New Utrecht Avenue.
The store is equipped with HVAC units, while the large finished basement provides additional usable space. The property is located near B4 bus service and D train stations, with a range of establishments situated along 13th Avenue and New Utrecht Avenue.
Key Highlights
- Four dwellings and one store in an all‑brick corner property
- Three two‑bedroom units and one three‑bedroom unit
- Separate cooking gas and electricity meters for all units
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
$165,165
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
7.58%
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%
$3,303,300
$3.3M
Cap Rate 7%
$2,359,500
$2.4M
Cap Rate 9%
$1,835,167
$1.8M
Market Conditions
NOI Build-Up for 4,550 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
$300.3K $66.00/SF
− Vacancy
−$36.0K −$7.92/SF
EGI
$264.3K $58.08/SF
− OpEx
−$99.1K −$21.78/SF
NOI
$165.2K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,303,300
Cap Rate 7%
$2,359,500
Cap Rate 9%
$1,835,167
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,193 @ 7.0% cap · market cap 10.01%
Second Best
Mixed Use
$2.36M
$2.06M – $2.75M
NOI $165,165 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$3.77M
$3.30M – $4.40M
NOI $263,718 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Four residential units accompany a store and a finished basement.
Where is this mixed-use property located?
The property is located at 7525 15th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Four dwellings and one store in an all‑brick corner property; Three two‑bedroom units and one three‑bedroom unit; Separate cooking gas and electricity meters for all units
