Brick Quadplex with Private
For Sale
$1,288,000
1278 E 70th Street, Brooklyn, NY 11234
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size3,784 SF
Lot Size0.11 Acres
Price / SF$340.38
Days on Market108
Property Features for 1278 E 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
8
Bathrooms
7
Full bathrooms
5
Half bathrooms
2
Rooms
Bedroom 8, Bedroom 2, Bathroom 7, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 5
Interior features
Microwave, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Georgetown
Standard status
Active
Size
3,784 SF
Lot size
0.11 Acres
Amenities
private balconies
backyard
finished basement
recreation room
ample storage
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.
Listed By:
Keren Shalmoni
(718) 251-7400
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 21 at 8:06PM
MLS# 502826
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.
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Investment Insights
Based on property information with market context.
This 3,784-square-foot brick quadplex, built in 1975, contains four apartments and four kitchens across three floors. The finished basement adds a recreation room and storage. Hardwood floors are present in the units, and private balconies serve each residential level. The property also includes a backyard and private parking for 4 or more vehicles.
The 0.1062-acre parcel is at 1278 E 70th Street in Brooklyn and is zoned R3-2. Georgetown Shopping Center, transportation, schools, and parks are noted nearby.
The 0.1062-acre parcel is at 1278 E 70th Street in Brooklyn and is zoned R3-2. Georgetown Shopping Center, transportation, schools, and parks are noted nearby.
Key Highlights
- Four apartments and four kitchens in a 3,784‑square‑foot building
- Two 3‑bedroom apartments, an alcove studio, and a 1‑bedroom apartment
- Finished basement with recreation room and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,522
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,440
$2.3M
Cap Rate 7%
$1,650,314
$1.7M
Cap Rate 9%
$1,283,578
$1.3M
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$214.3K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$210.0K $55.51/SF
− OpEx
−$94.5K −$24.98/SF
NOI
$115.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,440
Cap Rate 7%
$1,650,314
Cap Rate 9%
$1,283,578
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,522 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.93M
NOI $115,522 @ 7.0% cap · market cap 8.97%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,321 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments occupy three residential levels, with a finished basement and private balconies.
Where is this quadplex located?
The property is located at 1278 E 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Four apartments and four kitchens in a 3,784‑square‑foot building; Two 3‑bedroom apartments, an alcove studio, and a 1‑bedroom apartment; Finished basement with recreation room and storage
