Impeccable Brooklyn Three-Family
1717 78th Street Brooklyn, NY 11214
1717 78th Street, Brooklyn, NY, 11214
$1,398,000
For Sale
$1,398,000
Large, renovated three-family home with income potential and convenient location.
Property Size2,600 SF
Price / SF$537.69
Days on Market463
Property Features for 1717 78th Street
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing agency
Anne Lopa Real Estate
(718) 227-1111
Listed by
Ann Lopa
(718) 227-1111
Source
Exitrealty
Added: Apr 15, 2025 Updated: Jul 10 at 1:43PM Checked: Jul 21 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anne Lopa Real Estate
Investment Insights
Based on property information with market context.
This large three-family home presents income investment opportunities, potentially allowing the owner to live mortgage-free due to rental income. Situated on a convenient block, the property offers access to local amenities and is a short distance from trains and buses to New York City. Parks, shopping, restaurants, and schools are also nearby. 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 apartment has an entrance from the kitchen to a large yard with a garden and patio, suitable for gatherings. Another door leads to the basement with washer and dryer hookups, and the basement also has a second entrance to the front of the property. The home has been meticulously maintained, with electric and wiring in each apartment and electrical boxes, even windows replaced 2 to 15 years ago. The roof is approximately 4 years old. The property features 4 gas and 3 electric meters, and heat is steam/gas. Hardwood floors are present throughout. The property offers endless opportunities for owner-occupancy or investment. Two apartments are vacant. The property size is 2600 square feet.
Key Highlights
- Income‑generating 3‑family home, potentially covering 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.
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Large, renovated three-family home with income potential and convenient location.
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, potentially covering 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.
