Brooklyn Three-Family Home with
1717 78th Street Brooklyn, NY 11214
For Sale
$1,398,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$537.69
Days on Market474
Property Features for 1717 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features
Porch, Patio
Interior features
Laundry Area, Patio Garden, Porch, Stove, Window Treatments
Basement
Unfinished, Full
Standard status
Active
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8477
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood, Laminate, Carpet
Building materials
Wood Frame, Masonry
Roof type
Asphalt
Listing Agency:
Anne Lopa Real Estate
(718) 227-1111
Listed By:
Ann Lopa
(718) 227-1111
Added: Apr 13, 2025
Changed: Jul 11
Last Checked: Jul 30 at 3:06AM
MLS# 490855
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 meticulously maintained three-family home in Brooklyn offers income investment opportunities. Situated on a convenient block, the property provides easy access to local amenities and transportation, including trains and buses to New York City. The location is near parks, shopping, restaurants, and schools. The property features two renovated apartments with stainless steel appliances (renovated 5 and 9 years ago), while the third unit has been well-maintained with a retro aesthetic. All units offer open spaces with sunlight and large closets. The first floor includes access from the kitchen to a large yard with a garden and patio. There is also a door to the basement with washer/dryer hookups and a second entrance to the front. The electric and wiring in each apartment and electrical boxes, even windows were replaced 2 to 15 years ago. The roof is around 4 years old. The property has 4 gas and 3 electric meters, and heat steam/gas. The property size is 2,600 square feet, situated on a lot of 0.0459 acres. The zoning is R5. Two apartments are vacant.
Key Highlights
- Income‑generating 3‑family home with potential to cover mortgage expenses
- Convenient location with easy access to local amenities, trains, and buses for commuting to New York City
- Two renovated apartments with stainless steel appliances; third unit well‑maintained
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 5.07%
Second Best
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,170 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Impeccable three-family home in Brooklyn with income potential.
Where is this triplex located?
The property is located at 1717 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Income‑generating 3‑family home with potential to cover mortgage expenses; Convenient location with easy access to local amenities, trains, and buses for commuting to New York City; Two renovated apartments with **stainless steel appliances**; third unit well‑maintained
