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Building Details

Buildings 1

Construction brick

Listing Agency: Winzone Realty Inc

Listed By: Xue Huan (Lily) Zhu Show Phone

Source: Prideestates

Added: Jul 12 Changed: Oct 1 Last Checked: Oct 14 at 10:30PM

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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.

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 / Yr

$165,165

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,303,300 $3.3M

Cap Rate 7%

$2,359,500 $2.4M

Cap Rate 9%

$1,835,167 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,550 SF

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 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 (±1% cap)

NOI $218,193 @ 7.0% cap · market cap 11.02%

Second Best

Mixed Use

$2.36M

$2.06M – $2.75M (±1% cap)

NOI $165,165 @ 7.0% cap · market cap 8.34%

Theoretical Best

Specialty Retail

$3.77M

$3.30M – $4.40M (±1% cap)

NOI $263,718 @ 7.0% cap · market cap 13.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

iSmile Dental Center Dental Office At Lavender Spa Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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 $1,980,000.

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