Three-Unit Residential Income
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 Market476
Property Features for 1717 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
5
Bathrooms
6
Rooms
Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5
Parking features
On Street
Basement
Full, Unfinished
Standard status
Active
APN
06248-0078
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8135
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Building materials
Aluminum Siding, Stone, Vinyl Siding
Listing Agency:
Anne Lopa Real Estate
(718) 227-1111
Listed By:
Ann Lopa
(718) 227-1111
Added: Apr 11, 2025
Changed: Jul 29
Last Checked: Jul 30 at 3:06AM
MLS# 2502004
Copyright © 2026 Staten Island Board of Realtors. 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 3-family residential income property offers well-proportioned units with large closets and bright, open living space. Two apartments were renovated approximately 5 and 9 years ago and include stainless steel appliances, while the third is described as well maintained with a retro look. The first-floor kitchen provides access to a large private yard featuring a garden and patio. A separate door leads to the basement, which also has a second entrance from the front and offers washer/dryer hookups. Hardwood floors are noted throughout.
The property is in Brooklyn, zoned R5, on a convenient block with access to local amenities. Public remarks indicate trains and buses are about a half-block away, with easy access to parks, shopping, restaurants, and schools.
Additional reported improvements and systems include replaced windows from approximately 2 to 15 years ago, a roof estimated at about 4 years old, and heating described as steam/gas. Metering includes 4 gas and 3 electric meters. Public remarks also state two units are currently vacant.
The property is in Brooklyn, zoned R5, on a convenient block with access to local amenities. Public remarks indicate trains and buses are about a half-block away, with easy access to parks, shopping, restaurants, and schools.
Additional reported improvements and systems include replaced windows from approximately 2 to 15 years ago, a roof estimated at about 4 years old, and heating described as steam/gas. Metering includes 4 gas and 3 electric meters. Public remarks also state two units are currently vacant.
Key Highlights
- 3‑family home built in 1915 with hardwood floors and multiple bedrooms/bathrooms across units
- Two apartments renovated 5 and 9 years ago, each with stainless steel appliances; 3rd unit has been well maintained with a retro look
- Roof is approximately 4 years old; windows replaced 2 to 15 years ago
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 - 3-family residence with a private yard and garden patio, plus washer/dryer hookups in the basement.
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: 3‑family home built in 1915 with hardwood floors and multiple bedrooms/bathrooms across units; Two apartments renovated 5 and 9 years ago, each with stainless steel appliances; 3rd unit has been well maintained with a retro look; Roof is approximately 4 years old; windows replaced 2 to 15 years ago
