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5515 7th Ave, Brooklyn, NY, 11220

--beds
0baths
6,864sqft
$4,800,000
$699price/sqft
$28,791/moest. monthly cost
$1,151,640/yrincome needed

About This Home

Welcome to this exceptional semi-detached mixed-use investment property located in the heart of highly desirable Sunset Park, Brooklyn. This well-maintained building features 2 commercial units and 4 residential apartments, providing high income with outstanding long-term appreciation potential. Situated on a 25' × 100' lot with an approximately 20' × 84' building, the property offers a total of 6,864 square feet of usable space. Built in 1927 and located within an R7A zoning district, this asset presents excellent future value in one of Brooklyn's most sought-after neighborhoods. Conveniently located just minutes from the N train, the property offers quick and easy access to Manhattan, along with close proximity to shopping, restaurants, schools, and major transportation. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or acquire a prime mixed-use asset in a high-demand location, this property represents a rare opportunity in Sunset Park.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
68
BikeBikeable

Schools

10/10
Ps 105 The BlythebourneGrades K-50.5 mi
10/10
Jhs 220 John J PershingGrades 6-80.4 mi

Construction

Condition

  • Year built: 1927

Materials

  • Foundation: Concrete Perimeter
  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Hot Water Coil in Boiler

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Separate Entrance

Features

  • Flooring: Hardwood,Tile

Heating

  • Heating features: Natural Gas,Other

Interior Area

  • Total structure area: 6,864
  • Total interior livable area: 6,864 sqft

Property

Details

  • Parcel number: 008340004
  • Attached to another structure: Yes
  • Zoning: R7A
  • Special condition: Arm's Length
  • Foundation area: 1680

Features

  • Stories: 3

Lot

  • Lot size: 2,500 sqft
  • Features: Back Yard
  • Lot size dimensions: 25x100

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $24,271$291,252
Home Insurance *$1,146$13,752
Property Taxes $2,240$26,880
Electricity $1,134$13,612
Total$28,791$345,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$987,120/yr
40% on housing$863,730/yr
45% on housing$767,760/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$699This listing

vs Other Active Listings

Avg $/sqft

ZIP 11220$875
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11220$660
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-14Listed for sale$4,800,000

For Sale by Agent

AgentShihui (Sylvia) Lin
BrokerageProBase Real Estate

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