Impeccable Brooklyn Three-Family
1717 78th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property size:
2,600 SFLot size:
0.05 AcresPrice / SF:
$537/SF- Added:
- Apr 11, 2025
- Days on Market:
- 430
- 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
- Bedrooms
- 5
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 6, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3
- 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 agent Ann Lopa (718) 227-1111
Listing office Anne Lopa Real Estate 4010 Hylan Blvd, staten island, NY (718) 227-1111
Listing date Apr 11, 2025
MLS# 2502004
Listing URL
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.
HighLights
- Income‑generating 3‑family home with potential to cover mortgage expenses.
- Convenient location: steps to local amenities and half a block to trains/buses for easy commuting to NYC.
- Two renovated apartments with stainless steel appliances; third unit well‑maintained.
- Large, open units with ample sunlight and closet space.
- First‑floor unit features direct access to a large private yard with garden and patio.
- Meticulously maintained with updated electric, wiring, windows, and a relatively new roof (approx. 4 years old).
Overview
This large, three-family home in Brooklyn offers income investment opportunities. Situated on a convenient block, it provides access to local amenities and is located a short distance from trains and buses, facilitating commutes to New York City and other destinations. The property is near parks, shopping, restaurants, and schools. Two of the apartments were renovated 5 and 9 years ago and feature stainless steel appliances, while the third has been well-maintained with a retro aesthetic. All units offer open spaces with sunlight and large closets. The first floor includes an entrance from the kitchen to a large yard with a garden and patio, suitable for gatherings, as well as a door to the basement with washer and dryer hookups. The basement also has a second entrance leading to the front. The electric and wiring in each apartment and electrical boxes, along with the windows, have been replaced within the past 2 to 15 years. The roof is approximately 4 years old. The property includes 4 gas and 3 electric meters, and features gas heat. Hardwood floors are present throughout. The 2,600 square foot property sits on a 0.05-acre lot. The property is zoned R5. Two apartments are currently vacant. This home offers opportunities for owner-occupancy or investment, with potential for rental income.
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
- -73.999415
- Latitude
- 40.61291
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family home with income potential near transportation and amenities.
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: steps to local amenities and half a block to trains/buses for easy commuting to NYC.; Two renovated apartments with stainless steel appliances; third unit well‑maintained.
