Semi-Detached Four-Family
For Sale
$1,680,000
Pending
2125 77th St, Brooklyn, NY 11214
Semi-detached four-family brick building with paying tenants and four spacious apartments, plus a finished basement and 2.5 baths.
Property Size3,198 SF
Days on Market85
Property Features for 2125 77th St
General Information
Standard status
Pending
Size
3,198 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,805
Building Details
Building Size
3,198 SF
Year Built
1927
Stories
2
Listing Agency:
RE/MAX Real Estate Professionals
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jun 4
Changed: Aug 25
Last Checked: Aug 26 at 9:23AM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
This semi-detached 4-family brick building is designed for comfortable, practical living and consists of two stories plus a full finished basement. The property measures 21' x 78' and sits on a 27' x 100' lot. Inside, the building offers two 3-bedroom apartments and two 2-bedroom apartments, providing flexible unit mix for tenants. Additional convenience is supported by 2.5 bathrooms across the building, and the full finished basement adds extra functional space.
The property is offered with paying tenants. Located in the heart of Bensonhurst, it is described as conveniently near shopping, restaurants, schools, and public transportation, making it appealing for day-to-day accessibility. The public remarks also indicate strong walkability and excellent transit, supported by the provided walkScore and transitScore values.
For buyers seeking a multi-family residential income property with an in-place tenant roster, this brick quadplex format combines a solid building type with a straightforward four-unit layout and generous apartment sizes. The semi-detached configuration and finished basement can help support tenant utility and overall livability, while the unit mix of two 3-bedroom and two 2-bedroom apartments may broaden leasing appeal.
The property is offered with paying tenants. Located in the heart of Bensonhurst, it is described as conveniently near shopping, restaurants, schools, and public transportation, making it appealing for day-to-day accessibility. The public remarks also indicate strong walkability and excellent transit, supported by the provided walkScore and transitScore values.
For buyers seeking a multi-family residential income property with an in-place tenant roster, this brick quadplex format combines a solid building type with a straightforward four-unit layout and generous apartment sizes. The semi-detached configuration and finished basement can help support tenant utility and overall livability, while the unit mix of two 3-bedroom and two 2-bedroom apartments may broaden leasing appeal.
Key Highlights
- 1927 semi‑detached 4‑family brick building with paying tenants
- Four apartments: two 3‑bedroom units and two 2‑bedroom units
- 21' × 78' building on a 27' × 100' lot with 2 stories plus a full finished basement
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
$87,225
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
5.19%
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%
$1,744,500
$1.7M
Cap Rate 7%
$1,246,071
$1.2M
Cap Rate 9%
$969,167
$969.2K
Market Conditions
NOI Build-Up for 3,198 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
$130.5K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.6K $38.96/SF
− OpEx
−$37.4K −$11.69/SF
NOI
$87.2K $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%
$1,744,500
Cap Rate 7%
$1,246,071
Cap Rate 9%
$969,167
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,225 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$1.12M
$977.2K – $1.30M
NOI $78,173 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,589 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,723
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?
Quadplex - Semi-detached four-family brick building with paying tenants and four spacious apartments, plus a finished basement and 2.5 baths.
Where is this quadplex located?
The property is located at 2125 77th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 1927 semi‑detached 4‑family brick building with paying tenants; Four apartments: two 3‑bedroom units and two 2‑bedroom units; 21' × 78' building on a 27' × 100' lot with 2 stories plus a full finished basement
