Three-Unit Brick
New
For Sale
$1,550,000
1673 83rd St, Brooklyn, NY 11214
All three residences are vacant, with bedroom counts ranging from two to three and stated options for expanded layouts.
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$516.67
Days on Market6
Property Features for 1673 83rd St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,162
Building Details
Building Size
3,000 SF
Year Built
1899
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Weiping (Billy) Liang · License #10401332637
(718) 766-7159
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 9:22AM
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 Keller Williams Realty Staten Island
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Investment Insights
Based on property information with market context.
This brick triplex contains approximately 3,000 square feet of living area on a 20-by-100-foot lot. The first-floor residence has two bedrooms and one full bathroom; the basement unit has two bedrooms and one-and-a-half bathrooms; and the second-floor residence includes three bedrooms and one full bathroom. The property is vacant. The listing identifies possible bedroom-count expansions for each unit, including a three-bedroom layout on the first floor and in the basement, and a four-bedroom layout upstairs.
At 1673 83rd St in Brooklyn’s Bensonhurst neighborhood, the property is near D train service at 18th Avenue and 79th Street, as well as the B1 and B8 bus lines. The 86th Street shopping district and everyday services including restaurants, supermarkets, banks, and schools are also nearby.
At 1673 83rd St in Brooklyn’s Bensonhurst neighborhood, the property is near D train service at 18th Avenue and 79th Street, as well as the B1 and B8 bus lines. The 86th Street shopping district and everyday services including restaurants, supermarkets, banks, and schools are also nearby.
Key Highlights
- Three vacant units in a brick building
- Approximately 3,000 square feet of living space
- 20’ x 100’ lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,824
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,480
$1.6M
Cap Rate 7%
$1,168,914
$1.2M
Cap Rate 9%
$909,156
$909.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$122.4K $40.80/SF
− Vacancy
−$5.5K −$1.84/SF
EGI
$116.9K $38.96/SF
− OpEx
−$35.1K −$11.69/SF
NOI
$81.8K $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 Rate 5%
$1,636,480
Cap Rate 7%
$1,168,914
Cap Rate 9%
$909,156
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,824 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,504 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,872
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are vacant, with bedroom counts ranging from two to three and stated options for expanded layouts.
Where is this triplex located?
The property is located at 1673 83rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three vacant units in a brick building; Approximately 3,000 square feet of living space; 20’ x 100’ lot
