Semi-Detached Brick Multifamily
1278 E 70th Street Brooklyn, NY 11234
1278 E 70th Street, Brooklyn, NY, 11234
$1,459,000
For Sale
$1,459,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,784 SF
Lot Size0.11 Acres
Price / SF$385.57
Days on Market16
Property Features for 1278 E 70th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 8
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 7, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 8
- Interior features
- Microwave, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,784 SF
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1975
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Talk of the Town Realty Corp.
(718) 251-7400
2054 Ralph Avenue, Brooklyn, NY
Listed by
Keren Shalmoni
(718) 251-7400
Added: Jul 6 Updated: Jul 11 at 6:35 pm Checked: Jul 21 at 1:06 am
MLS# 502826
Listing URL
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.
This semi-detached brick multifamily home offers a substantial, oversized interior with multiple residential levels and separate access points. The top-floor unit is a large 3-bedroom duplex with 2 bathrooms. The middle-floor unit is a 5-bedroom duplex with 3 bathrooms, featuring 2 kitchens and a lower level connected to the unit, along with a separate side entrance. A fully finished basement is also provided with a separate entrance and additional living space including a recreation room, plus ample storage. All apartments are described as move-in condition with wood floors and updated kitchens and bathrooms. The basement is vacant.
The property is located in Brooklyn, NY (11234) and sits on a 0.1062-acre lot. The home also includes private balconies on each residential level, parking for two vehicles, and a very large backyard. The listing notes proximity to the Georgetown Shopping Center, transportation, schools, and parks.
For buyers seeking an income-oriented residential property, this home is marketed with the existing tenants in place, and the listing states a new owner must purchase with the current tenants. With multiple bedroom configurations, dedicated entrances, and a finished lower level, the layout may support a range of tenant needs while retaining a flexible day-to-day living arrangement across the different floors.
The property is located in Brooklyn, NY (11234) and sits on a 0.1062-acre lot. The home also includes private balconies on each residential level, parking for two vehicles, and a very large backyard. The listing notes proximity to the Georgetown Shopping Center, transportation, schools, and parks.
For buyers seeking an income-oriented residential property, this home is marketed with the existing tenants in place, and the listing states a new owner must purchase with the current tenants. With multiple bedroom configurations, dedicated entrances, and a finished lower level, the layout may support a range of tenant needs while retaining a flexible day-to-day living arrangement across the different floors.
Key Highlights
- Semi‑detached brick multifamily home built in 1975 with hardwood flooring and a flat roof
- Oversized layout on a 31x150 property lot with a home size of 22x60
- Separate living setup includes a top‑floor 3‑bedroom duplex with 2 bathrooms
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 | $193.0k | $51.00 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $189.3k | $50.03 |
| − OpEx | −$56.8k | −$15.01 |
| NOI | $132.5k | $35.02 |
3,784 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,522 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.93M
NOI $115,522 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,321 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious three-level layout with multiple separate entrances, balconies, parking for two, and a fully finished lower level.
Where is this duplex located?
The property is located at 1278 E 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,459,000.
What are key features of this property?
This property features: Semi‑detached brick multifamily home built in 1975 with hardwood flooring and a flat roof; Oversized layout on a 31x150 property lot with a home size of 22x60; Separate living setup includes a top‑floor 3‑bedroom duplex with 2 bathrooms
