Building Details

Buildings 1

Stories 3

Construction brick

Tenancy Multi

Listing Agency: RE/MAX Real Estate Professiona

Listed By: Billy Apter · License #BEA5721 Show Phone

Source: Prideestates

Added: Aug 3 Changed: Oct 2 Last Checked: Oct 16 at 8:24AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This three-story brick mixed-use property was built in 1931 and measures 20x90 building size. The layout includes five apartments and two commercial storefronts, with a corner retail space and a separate side store. Residential units comprise two two-bedroom apartments on the third floor, two additional two-bedroom apartments on the second floor, and a one-bedroom apartment at the walk-in level. A full-sized basement provides additional building space.

The property occupies a busy corner at 7724 13th Avenue in Brooklyn’s Dyker Heights neighborhood and is zoned R5B. The combination of residential units, street-level commercial space, and established neighborhood positioning supports a mixed-use ownership profile.

Key Highlights

• Five‑family, two‑store storefront configuration
• Three‑story brick building constructed in 1931
• 20x90 building size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$170,610

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,412,200 $3.4M

Cap Rate 7%

$2,437,286 $2.4M

Cap Rate 9%

$1,895,667 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,700 SF

Gross rent

$310.2K $66.00/SF

− Vacancy

−$37.2K −$7.92/SF

EGI

$273.0K $58.08/SF

− OpEx

−$102.4K −$21.78/SF

NOI

$170.6K $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%

$3,412,200

Cap Rate 7%

$2,437,286

Cap Rate 9%

$1,895,667

Alternative Uses

Best Use

Retail

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,387 @ 7.0% cap · market cap 11.34%

Second Best

Mixed Use

$2.44M

$2.13M – $2.84M (±1% cap)

NOI $170,610 @ 7.0% cap · market cap 8.58%

Theoretical Best

Specialty Retail

$3.89M

$3.41M – $4.54M (±1% cap)

NOI $272,412 @ 7.0% cap · market cap 13.70%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

somethingreek Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Bar & Pub Nursing Home

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

5

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,485

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

Similar For Sale Nearby

See more

Six-Unit Renovated Apartment Building

1565 70th Street, Brooklyn, NY 11228

$1,988,000

4,680 SF

View details

Mixed-Use Building with Retail Tenant

967 Flatbush Avenue, Brooklyn, NY 11226

$1,899,999

4,685 SF

View details

6-Unit Brick Apartment Building

759 52nd Street, Brooklyn, NY 11220

$2,198,000

4,640 SF

View details

Six-Family Apartment Building

641 56th Street, Brooklyn, NY 11220

$1,750,000

4,680 SF

View details

Six-Unit Apartment Building

1717 Voorhies Avenue, Brooklyn, NY 11235

$1,799,000

4,800 SF

View details

Renovated 5-Family Apartment Building

652 73rd Street, Brooklyn, NY 11209

$1,599,000

4,824 SF

View details

Mixed-Use Building with Apartments

1260 Myrtle Avenue, Brooklyn, NY 11221

$2,250,000

4,359 SF

View details

6-Unit Brick Apartment Building

568 39th St, Brooklyn, NY 11232

$1,599,000

4,500 SF

View details

Corner Mixed-Use Retail and Apartments

1056 Rogers Ave, Brooklyn, NY 11226

$2,200,000

5,200 SF

View details

Six-Family Brick Apartment Building

2101 76th Street, Brooklyn, NY 11214

$1,399,000

4,797 SF

View details

Six-Family Apartment Building

819 49th Street, Brooklyn, NY 11220

$2,199,000

5,280 SF

View details

Two-Story Storefront Property

2799 86th Street, Brooklyn, NY 11223

$2,290,000

4,260 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner property combining five apartments, two storefronts, and a full basement in a brick building.

Where is this mixed-use property 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: Five‑family, two‑store storefront configuration; Three‑story brick building constructed in 1931; 20x90 building size