Vacant Three-Family Brick
For Sale
$1,629,000
1673 83rd Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$543
Days on Market34
Property Features for 1673 83rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Patio and Porch features
Deck
Interior features
A/C Unit - Window, Deck, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8162
Building Details
Year built
1899
Floors in Building
3
Number of units
3
Flooring type
Carpet, Ceramic, Hardwood
Building materials
Brick, Masonry
Roof type
Flat, Asphalt
Listing Agency:
Keller Williams Realty Staten
(718) 766-7159
Listed By:
Weiping Liang · License #10401332637
(718) 766-7159
Added: Jun 30
Changed: Aug 2
Last Checked: Aug 2 at 6:06AM
MLS# 502643
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.
Fully vacant three-family brick home on a 20' x 100' lot with approximately 3,000 square feet of living space. Built in 1899, the property includes three versatile units. The first-floor unit offers 2 bedrooms and 1 full bathroom, with the potential to expand into a 3-bedroom residence. The walk-in basement includes 2 bedrooms and 1.5 bathrooms and can be converted into a 3-bedroom layout. The second-floor unit provides 3 bedrooms and 1 full bathroom, with flexibility to create a 4-bedroom layout. Interior features include window A/C, microwave, refrigerator, stove, washer, dryer, and flooring such as hardwood, ceramic, and carpet, plus a deck.
The home is located in Bensonhurst in Brooklyn and is described as being a short distance to the D train at 18th Ave or 79th Street. Nearby B1 and B8 bus lines provide access throughout Brooklyn and Manhattan, and the property is moments from the 86th Street shopping district with restaurants, supermarkets, banks, schools, and everyday conveniences.
Zoning is R5, supporting a residential triplex configuration with multiple layout options for flexible occupancy.
The home is located in Bensonhurst in Brooklyn and is described as being a short distance to the D train at 18th Ave or 79th Street. Nearby B1 and B8 bus lines provide access throughout Brooklyn and Manhattan, and the property is moments from the 86th Street shopping district with restaurants, supermarkets, banks, schools, and everyday conveniences.
Zoning is R5, supporting a residential triplex configuration with multiple layout options for flexible occupancy.
Key Highlights
- Fully vacant three‑family brick home with approximately 3,000 SF
- 20' x 100' lot with three residential units
- R5 zoning for a triplex residential configuration
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 | $122.4k | $40.80 |
| − Vacancy | −$5.5k | −$1.84 |
| EGI | $116.9k | $38.96 |
| − OpEx | −$35.1k | −$11.69 |
| NOI | $81.8k | $27.27 |
3,000 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,824 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,504 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,872
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?
Triplex - Fully vacant triplex zoned R5 with three residential units and in-unit laundry appliances.
Where is this triplex located?
The property is located at 1673 83rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,629,000.
What are key features of this property?
This property features: Fully vacant three‑family brick home with approximately 3,000 SF; 20' x 100' lot with three residential units; R5 zoning for a triplex residential configuration
