Detached Triplex with Private
For Sale
$1,698,000
8749 17th Avenue, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,195 SF
Lot Size0.09 Acres
Price / SF$531.46
Days on Market253
Property Features for 8749 17th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 1
Interior features
A/C Unit - Window
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,195 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8808
Amenities
fenced backyard
Building Details
Year built
1915
Number of units
3
Flooring type
Hardwood
Building materials
Wood Frame, Masonry
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Pavlina Tsokos
(718) 238-6080
Added: Dec 4, 2025
Changed: Aug 13
Last Checked: Aug 14 at 3:06AM
MLS# 497680
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.
Detached three-family triplex at 8749 17th Avenue in Brooklyn, NY 11214, with R5 zoning. The property sits on a 0.0888-acre lot and contains 3,195 square feet of living space. Built in 1915, it features a fully detached layout with a private driveway and a fenced large backyard.
The home is described as having three separate heating systems and hot water, supporting independent service arrangements for each unit. Interior details include hardwood flooring and a window A/C unit. Construction materials are listed as wood frame with masonry.
Recent exterior updates include a new roof and vinyl siding. The property is identified as vacant at closing. Transportation access is noted with nearby D Train service and buses.
The home is described as having three separate heating systems and hot water, supporting independent service arrangements for each unit. Interior details include hardwood flooring and a window A/C unit. Construction materials are listed as wood frame with masonry.
Recent exterior updates include a new roof and vinyl siding. The property is identified as vacant at closing. Transportation access is noted with nearby D Train service and buses.
Key Highlights
- R5 zoning detached three‑family triplex at 8749 17th Avenue, Brooklyn, NY 11214
- 0.0888‑acre lot with 3,195 SF total building area
- Private driveway plus fenced large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,742,860
$1.7M
Cap Rate 7%
$1,244,900
$1.2M
Cap Rate 9%
$968,256
$968.3K
Market Conditions
NOI Build-Up for 3,195 SF
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.
Gross rent
$130.4K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.5K $38.96/SF
− OpEx
−$37.3K −$11.69/SF
NOI
$87.1K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,742,860
Cap Rate 7%
$1,244,900
Cap Rate 9%
$968,256
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,143 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.12M
$976.3K – $1.30M
NOI $78,100 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,466 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,607
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 - Detached three-family home on R5 zoning with a private driveway, fenced large backyard, and separate heating systems.
Where is this triplex located?
The property is located at 8749 17th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: R5 zoning detached three‑family triplex at 8749 17th Avenue, Brooklyn, NY 11214; 0.0888‑acre lot with 3,195 SF total building area; Private driveway plus fenced large backyard
