Detached Two-Family Brick
7530 Narrows Ave Brooklyn, NY 11209
7530 Narrows Ave, Brooklyn, NY, 11209
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For Sale
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Detached brick 2-family on an R4-zoned lot with finished basement, multiple HVAC zones, and a 3-car detached garage.
Property Size3,512 SF
Lot Size0.08 Acres
Price / SF$512.53
Days on Market174
Property Features for 7530 Narrows Ave
General Information
- Standard status
- Active
- Size
- 3,512 SF
- Lot size
- 0.08 Acres
- Property subtype
- Mixed Use
Listing agency
BROOKLYN REAL PROPERTY INC
(718) 713-6888
Listed by
Jean Paul Ho
Source
Crexi
Added: Jan 28 Updated: Jul 20 at 5:57PM Checked: Jul 20 at 5:57PM
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 BROOKLYN REAL PROPERTY INC
Investment Insights
Based on property information with market context.
Detached brick two-family with a solid, legal setup on a 32 ft x 109.75 ft lot in Brooklyn, NY. The home is currently configured for use as a 1st-floor layout with a large living and formal dining area, high ceilings, and abundant windows, with space that can be converted back to a 2-bedroom arrangement. The 2nd floor includes a main bedroom with walk-in closets plus two additional bedrooms and modern bathrooms, along with an open kitchen area and pantry. A finished basement adds a full bath with jacuzzi, a large family room, and additional closet space, with a separated entrance and an interior entrance.
Additional improvements include updated wiring throughout, a newer gas hot water system, and a 3-zone HVAC system for heating and air conditioning, along with split HVAC systems and new compressor. The property was renovated in 2007 with new windows and electrical, a roof approximately 8 years old, and Italian granite tile flooring plus second-floor original wood floors. A 3-car detached garage supports parking, and the R4 zoning allows additional available building space of 1,194 sq ft (21.33 ft x 51 ft).
Additional improvements include updated wiring throughout, a newer gas hot water system, and a 3-zone HVAC system for heating and air conditioning, along with split HVAC systems and new compressor. The property was renovated in 2007 with new windows and electrical, a roof approximately 8 years old, and Italian granite tile flooring plus second-floor original wood floors. A 3-car detached garage supports parking, and the R4 zoning allows additional available building space of 1,194 sq ft (21.33 ft x 51 ft).
Key Highlights
- Brick detached 2‑family on an R4‑zoned lot (32 ft x 109.75 ft) with side entrance
- Finished basement includes a full bath with jacuzzi, large family room, and a separated entrance
- Approx. 1,200 SF layout with up to 3 bedrooms total, plus finished attic space and abundant closet space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.1k | $51.00 |
| − Vacancy | −$3.4k | −$0.97 |
| EGI | $175.7k | $50.03 |
| − OpEx | −$52.7k | −$15.01 |
| NOI | $123.0k | $35.02 |
3,512 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,996 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,218 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$2.91M
$2.54M – $3.39M
NOI $203,556 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached brick 2-family on an R4-zoned lot with finished basement, multiple HVAC zones, and a 3-car detached garage.
Where is this duplex located?
The property is located at 7530 Narrows Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Brick detached 2‑family on an R4‑zoned lot (32 ft x 109.75 ft) with side entrance; Finished basement includes a full bath with jacuzzi, large family room, and a separated entrance; Approx. 1,200 SF layout with up to 3 bedrooms total, plus finished attic space and abundant closet space
