Renovated Brick Duplex with
For Sale
$1,390,000
7615 Fort Hamilton Parkway, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,480 SF
Lot Size0.05 Acres
Price / SF$939.19
Days on Market99
Property Features for 7615 Fort Hamilton Parkway
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
5
Bathrooms
4
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
1,480 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9132
Amenities
backyard
detached garage
split A/C units
Building Details
Year built
1925
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: May 27
Changed: Sep 2
Last Checked: Sep 2 at 4:06PM
MLS# 501780
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.
This brick duplex occupies a 1,480-square-foot building on a 0.0474-acre lot. The property was renovated in 2019, with updates to the electrical and plumbing systems, flooring, and interior layout. Hardwood and tile flooring, split air-conditioning units, a modern kitchen, and multiple living and recreation areas are among the interior features. The home includes five bedrooms, four bathrooms, a separate basement entrance, and direct access to the backyard.
Exterior improvements include a shared driveway and detached garage. The property is located at 7615 Fort Hamilton Parkway in Brooklyn, with a public park across the street and a nearby bus stop. R4-1 zoning applies.
Exterior improvements include a shared driveway and detached garage. The property is located at 7615 Fort Hamilton Parkway in Brooklyn, with a public park across the street and a nearby bus stop. R4-1 zoning applies.
Key Highlights
- Renovated in 2019 with electrical, plumbing, flooring, and interior layout updates
- 1,480 SF building on a 0.0474‑acre lot
- Five‑bedroom layout with four bathrooms and a separate basement entrance
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
$51,832
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
3.73%
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%
$1,036,640
$1.0M
Cap Rate 7%
$740,457
$740.5K
Cap Rate 9%
$575,911
$575.9K
Market Conditions
NOI Build-Up for 1,480 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
$75.5K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$74.0K $50.03/SF
− OpEx
−$22.2K −$15.01/SF
NOI
$51.8K $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%
$1,036,640
Cap Rate 7%
$740,457
Cap Rate 9%
$575,911
Alternative Uses
Best Use
Multifamily LT 5
$740.5K
$647.9K – $863.9K
NOI $51,832 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$645.5K
$564.8K – $753.1K
NOI $45,183 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,781 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,014
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?
Duplex - Multi-level residence with backyard access, detached parking, and multiple air-conditioning units.
Where is this duplex located?
The property is located at 7615 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Renovated in 2019 with electrical, plumbing, flooring, and interior layout updates; 1,480 SF building on a 0.0474‑acre lot; Five‑bedroom layout with four bathrooms and a separate basement entrance
