Detached Brick Three-Family
For Sale
$2,349,000
1602 78th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$903.46
Days on Market38
Property Features for 1602 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Garage - Detached
Patio and Porch features
Patio
Interior features
Patio Garden
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10168
Amenities
back patio
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Pecoraro Realty of NYC, LLC
(917) 417-6114
Listed By:
Kathy Samaris
(718) 256-7713
Added: Jun 28
Changed: Aug 3
Last Checked: Aug 4 at 4:06PM
MLS# 502635
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully detached brick three-family triplex includes three income-producing units plus a semi-finished basement. The first floor features a living room, dining room, kitchen, full bath, two bedrooms, and a small office that could serve as a third bedroom. The second floor has two apartments, including a front unit with a living room, dining area, renovated kitchen, renovated three-quarter bath, and one bedroom with three closets, plus a rear unit with a living room with closet, kitchen, full bath, and a well-sized bedroom with natural light.
The semi-finished basement is accessible via a side entrance shared with the first floor and also through a second door leading to the back patio. Recent upgrades include new gas piping and meters, updated electrical panels, and a hot water heater, with an additional three-quarter bath in the basement. Exterior amenities include a private back patio, a detached two-car garage, and a party driveway on 78th Street that allows for an additional parking space in the rear. The property is on a 0.0581-acre lot and was built in 1920.
Hardwood, carpet, and tile flooring are present, and the roof is flat.
The semi-finished basement is accessible via a side entrance shared with the first floor and also through a second door leading to the back patio. Recent upgrades include new gas piping and meters, updated electrical panels, and a hot water heater, with an additional three-quarter bath in the basement. Exterior amenities include a private back patio, a detached two-car garage, and a party driveway on 78th Street that allows for an additional parking space in the rear. The property is on a 0.0581-acre lot and was built in 1920.
Hardwood, carpet, and tile flooring are present, and the roof is flat.
Key Highlights
- Fully detached brick three‑family triplex with semi‑finished basement
- First floor layout includes living room, dining room, kitchen, full bath, two bedrooms and office
- Second floor has two apartments, including renovated kitchen and renovated three‑quarter bath on front unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.1k | $40.80 |
| − Vacancy | −$4.8k | −$1.84 |
| EGI | $101.3k | $38.96 |
| − OpEx | −$30.4k | −$11.69 |
| NOI | $70.9k | $27.27 |
2,600 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,170 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,541
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R5 zoned, fully detached brick three-family with a semi-finished basement, patio, and a detached two-car garage.
Where is this triplex located?
The property is located at 1602 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: Fully detached brick three‑family triplex with semi‑finished basement; First floor layout includes living room, dining room, kitchen, full bath, two bedrooms and office; Second floor has two apartments, including renovated kitchen and renovated three‑quarter bath on front unit
