Dyker Heights Four-Family
For Sale
$1,730,000
Pending
1436 78th St, Brooklyn, NY 11228
Charming brick four-family home in prime Dyker Heights location.
Property Size2,847 SF
Lot Size0.06 Acres
Days on Market108
Property Features for 1436 78th St
General Information
Standard status
Pending
Size
2,847 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$17,178
Building Details
Building Size
2,847 SF
Year Built
1924
Stories
2
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Source:
Elliman
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 13 at 7:36AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This brick, semi-detached four-family home is located in Dyker Heights. The building has dimensions of 20x73 feet and sits on a 24x100 foot lot. The property contains four two-bedroom apartments. Each apartment includes a living room, a full bathroom, and closet and storage space. Hardwood and tile flooring is present throughout the units. The property also features a fully finished basement with a separate entrance and a 3/4 bathroom. Recent upgrades include a new furnace and boiler. Front and back yards are included. The property is located near the shopping district on New Utrecht Avenue and has access to transportation via the B1, B4, B64, and X28 bus lines, as well as the 79th Street D train station.
Key Highlights
- Prime Dyker Heights location.
- Four well‑maintained two‑bedroom apartments, ideal for rental income or multi‑generational living.
- Excellent transit options with a transit score of 81, including nearby bus lines (B1, B4, B64, X28) and the 79th Street D train station.
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
$51,132
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
2.96%
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%
$1,022,640
$1.0M
Cap Rate 7%
$730,457
$730.5K
Cap Rate 9%
$568,133
$568.1K
Market Conditions
NOI Build-Up for 1,460 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
$74.5K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$73.0K $50.03/SF
− OpEx
−$21.9K −$15.01/SF
NOI
$51.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,022,640
Cap Rate 7%
$730,457
Cap Rate 9%
$568,133
Alternative Uses
Best Use
Multifamily LT 5
$730.5K
$639.2K – $852.2K
NOI $51,132 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$636.7K
$557.2K – $742.9K
NOI $44,572 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,622 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Charming brick four-family home in prime Dyker Heights location.
Where is this quadplex located?
The property is located at 1436 78th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,730,000.
What are key features of this property?
This property features: Prime Dyker Heights location.; Four well‑maintained two‑bedroom apartments, ideal for rental income or multi‑generational living.; Excellent transit options with a transit score of 81, including nearby bus lines (B1, B4, B64, X28) and the 79th Street D train station.
