Residential Income Property with
For Sale
$490,500
7937 SEAVIEW Avenue 1, Brooklyn, NY 11236
Condo-style residence with dedicated parking, generous storage, and in-unit laundry hookups in Brooklyn’s Paerdegat Bay neighborhood.
Property Size1,056 SF
Price / SF$464.49
Days on Market172
Property Features for 7937 SEAVIEW Avenue 1
General Information
Standard status
Active
Size
1,056 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Asking Price
$490,500
Taxes and HOA fees
Annual Taxes
$2,976
Amenities
washer/dryer hookups
Building Details
Building Size
1,056 SF
Year Built
1986
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Marsha Yarde · License #30YA1044526
(917) 202-2309
Source:
Miradorrealestate
Added: Apr 21
Changed: Oct 1
Last Checked: Oct 7 at 6:21PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 1,056-square-foot residential income property, built in 1986, is configured as a two-bedroom, one-and-a-half-bath condominium. The primary bedroom includes an en-suite powder room, while the second bedroom provides adaptable additional space. In-unit washer and dryer hookups and substantial storage add practical functionality, and the property includes one assigned parking spot.
The residence is located in Brooklyn’s Paerdegat Bay neighborhood, minutes from Shirley Chisholm State Park. The park offers biking and hiking trails, a fishing pier, and picnic areas, providing access to outdoor recreation within the city.
The residence is located in Brooklyn’s Paerdegat Bay neighborhood, minutes from Shirley Chisholm State Park. The park offers biking and hiking trails, a fishing pier, and picnic areas, providing access to outdoor recreation within the city.
Key Highlights
- 1,056 SF two‑bedroom, one‑and‑a‑half‑bath condominium
- Primary bedroom includes an en‑suite powder room
- In‑unit washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,239
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,780
$644.8K
Cap Rate 7%
$460,557
$460.6K
Cap Rate 9%
$358,211
$358.2K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$59.8K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$58.6K $55.51/SF
− OpEx
−$26.4K −$24.98/SF
NOI
$32.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,780
Cap Rate 7%
$460,557
Cap Rate 9%
$358,211
Alternative Uses
Best Use
Apartment 5plus
$460.6K
$403.0K – $537.3K
NOI $32,239 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$874.4K
$765.1K – $1.02M
NOI $61,206 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo-style residence with dedicated parking, generous storage, and in-unit laundry hookups in Brooklyn’s Paerdegat Bay neighborhood.
Where is this residential income property located?
The property is located at 7937 SEAVIEW Avenue 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $490,500.
What are key features of this property?
This property features: 1,056 SF two‑bedroom, one‑and‑a‑half‑bath condominium; Primary bedroom includes an en‑suite powder room; In‑unit washer and dryer hookups
