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$1,380,000 Just Listed
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Property Description
Prime mixed-use investment opportunity located on busy 7th Avenue near 86th Street in Brooklyn. This rare property features a 1F storefront with full basement, suitable for a variety of uses along with access to a private backyard-an uncommon outdoor feature in the area. The 2nd floor offers a spacious 4-bedroom, 2-bath residential unit with a large living room and oversized balcony, ideal for owner-occupancy or rental income. Building size approximately 19.58x65 (about 2,470 sqft interior) on a 19.42x86.08 lot. Zoned R5B / C2-3 with low annual taxes of $9,774.08. Excellent exposure with strong foot and vehicle traffic, near he vibrant 86th Street commercial corridor, surrounded by dining, shopping, and daily conveniences. Convenient transportation and a well-established neighborhood enhance both usability and long-term value. Ideal for end-users or investors seeking stable income and appreciation potential.
Full Property Details
Full Property Details for 8421 7th Ave
General
- Price: $1,380,000
- Taxes: $9,774
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 990613
- Updated: 4/27/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
School Information
- High School District: Contact Agent
- Elementary School: Ps 127 Mckinley Park
- Middle School: Call Listing Agent
- High School: Contact Agent
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Attached
- Construction: Brick, Other
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 2470
- Square Feet: 2,470
- Year Built: 1926
Lot Features
- Lot Size (Sq. Ft.): 1,679
Financial Considerations
- Tax Amount: $9,774
Disclosures and Reports
- Special Conditions: None
- Property ID: 06029-0003
Listed by Prospes Real Estate Corp
Get Pre-Approved Today
Schools
Schools serving 8421 7th Ave
School District:New York City Geographic School District 20
| Name | Grades | Distance |
|---|---|---|
Ps 127 Mckinley Park 7805 7th Avenue, Brooklyn, NY 11228 | 5-4 | 0.3 mi |
Madeleine Brennan School (The) 8010 12th Avenue, Brooklyn, NY 11228 | 6-8 | 0.4 mi |
Fort Hamilton High School 8301 Shore Road, Brooklyn, NY 11209 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8421 7th Ave
Date
Details
Price
Change
Source
4/27/2026
Listed
$1,380,000
39.39%
MLS
10/10/2018
Sold
$990,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8421 7th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,893
5%
$49,257
-45%
2024
$9,419
5%
$88,920
-4%
2023
$8,971
—
$92,220
13%
2022
$8,983
-52%
$81,300
3%
2021
$18,618
153%
$78,900
8%
2020
$7,363
6%
$73,020
15%
2019
$6,946
11%
$63,480
105%
2017
$6,238
—
$30,960
1%
2017
$6,238
2%
$30,600
—
2016
$6,117
8%
$30,600
6%
2015
$5,668
14%
$28,988
6%
2014
$4,951
7%
$27,348
6%
2013
$4,642
—
$25,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8421 7th Ave
8421 7th Avenue, Brooklyn, NY 11228 (MLS# 990613) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 8421 7th Avenue is currently listed for $1,380,000 and was received on April 27, 2026. Want to learn more about 8421 7th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

