Brooklyn Three-Family Home with
1717 78th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property size:
2,600 SFLot size:
0.05 AcresPrice / SF:
$537/SF- Added:
- Apr 13, 2025
- Days on Market:
- 428
- Last Refresh:
- Jun 14 at 9:06 pm
Property Features for 1717 78th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- 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 agent Ann Lopa (718) 227-1111
Listing office Anne Lopa Real Estate 4010 Hylan Blvd, Staten Island, NY (718) 227-1111
Listing date Apr 13, 2025
MLS# 490855
Listing URL
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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
- Large, open units with ample sunlight and closet space
- Private, large yard with garden and patio, accessible from the first‑floor kitchen
- Updated features including a relatively new roof (approximately 4 years old), updated electric and wiring, and replaced windows
Overview
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.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.99938
- Latitude
- 40.612919
Nearby Similar for Sale
FAQs
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
