Corner Mixed-Use Brick
7724 13th Avenue Brooklyn, NY 11228
7724 13th Avenue, Brooklyn, NY, 11228
$1,988,000
For Sale
$1,988,000
Three-story brick mixed-use building with 5 apartments plus 2 storefronts, configured across multiple levels and a full basement.
Property Size4,700 SF
Price / SF$422.98
Days on Market35
Property Features for 7724 13th Avenue
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
RE/MAX Real Estate Professiona
(718) 532-2000
Listed by
Billy Apter · License #bea5721
(718) 532-2000
Source
Compass
Added: Jun 17 Updated: Jul 21 at 5:20AM Checked: Jul 21 at 5:20AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
Located at 7724 13th Avenue in Brooklyn, this busy corner, 3-story brick mixed-use building is offered for sale in the remarks as being in excellent condition. The property is configured as five apartments and two storefronts, with unit and storefront space arranged across the 1st, 2nd, and 3rd floors along with a full-sized basement.
Per the provided configuration, the 3rd floor includes two-bedroom apartments; the 2nd floor includes two two-bedroom apartments; and the 1st floor/walk-in level includes one corner store, one side store, and a one-bedroom apartment. A full-sized basement is included.
The building’s stated size is approximately 20 by 90 feet, and the listing is described as a free-market property with no rent stabilization mentioned in the remarks.
Per the provided configuration, the 3rd floor includes two-bedroom apartments; the 2nd floor includes two two-bedroom apartments; and the 1st floor/walk-in level includes one corner store, one side store, and a one-bedroom apartment. A full-sized basement is included.
The building’s stated size is approximately 20 by 90 feet, and the listing is described as a free-market property with no rent stabilization mentioned in the remarks.
Key Highlights
- Three‑story brick mixed‑use building built in 1931 with 5 apartments plus 2 storefronts
- Apartment layout across levels: 2BRs on 3rd, 2BRs on 2nd, and a 1BR/walk‑in level on the 1st
- Includes storefronts at street level: one corner store plus one side store
Local Financial Insights For Apartment 5plus
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 | $266.2k | $56.64 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $260.9k | $55.51 |
| − OpEx | −$117.4k | −$24.98 |
| NOI | $143.5k | $30.53 |
4,700 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$3.22M
$2.82M – $3.76M
NOI $225,387 @ 7.0% cap · market cap 11.34%
Second Best
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,486 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$3.89M
$3.41M – $4.54M
NOI $272,412 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
somethingreek
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story brick mixed-use building with 5 apartments plus 2 storefronts, configured across multiple levels and a full basement.
Where is this apartment building located?
The property is located at 7724 13th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: Three‑story brick mixed‑use building built in 1931 with 5 apartments plus 2 storefronts; Apartment layout across levels: 2BRs on 3rd, 2BRs on 2nd, and a 1BR/walk‑in level on the 1st; Includes storefronts at street level: one corner store plus one side store
