Bensonhurst Co-op
For Sale
$295,000
Pending
7913 Bay Pkwy D7, Brooklyn, NY 11214
Converted 2-bedroom co-op with low maintenance fees in Brooklyn.
Property Size630 SF
Days on Market267
Property Features for 7913 Bay Pkwy D7
General Information
Standard status
Pending
Size
630 SF
Property subtype
Residential
Building Details
Building Size
630 SF
Year Built
1931
Units
31
Listing Agency:
REMAX EDGE
(718) 612-3088
Listed By:
ChuChu(Tina) Chen · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 22 at 9:54AM
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 REMAX EDGE
Investment Insights
Based on property information with market context.
This co-op apartment is located in Bensonhurst. The unit is a converted 1-bedroom, now configured as a 2-bedroom apartment. The property benefits from abundant natural sunlight. The monthly maintenance fee is $540, which covers heat, water, gas, and taxes. Transportation options include proximity to the N train Bay Parkway stations, with B6 and B82 bus stops located right outside the building. The location offers convenient access to shopping areas, public schools, parks, and postal services. Pets are allowed, and subletting is permitted, both subject to board approval.
Key Highlights
- Converted 2‑bedroom unit in prime Bensonhurst
- Low $540 monthly maintenance fee covering heat, water, gas, and taxes
- Convenient access to N train and multiple bus lines (B6, B82)
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
$15,400
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
5.22%
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%
$308,000
$308.0K
Cap Rate 7%
$220,000
$220.0K
Cap Rate 9%
$171,111
$171.1K
Market Conditions
NOI Build-Up for 630 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
$29.1K $46.20/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$28.0K $44.44/SF
− OpEx
−$12.6K −$20.00/SF
NOI
$15.4K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$308,000
Cap Rate 7%
$220,000
Cap Rate 9%
$171,111
Alternative Uses
Best Use
Apartment 5plus
$220.0K
$192.5K – $256.7K
NOI $15,400 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.5K
$321.6K – $428.8K
NOI $25,726 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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?
Apartment building - Converted 2-bedroom co-op with low maintenance fees in Brooklyn.
Where is this apartment building located?
The property is located at 7913 Bay Pkwy D7 Brooklyn, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Converted 2‑bedroom unit in prime Bensonhurst; Low $540 monthly maintenance fee covering heat, water, gas, and taxes; Convenient access to N train and multiple bus lines (B6, B82)
