Vacant Brick
For Sale
$1,575,000
1673 83rd Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$525
Days on Market56
Property Features for 1673 83rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 3
Patio and Porch features
Deck
Interior features
A/C Unit - Window, Deck, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8162
Building Details
Year built
1899
Floors in Building
3
Number of units
3
Flooring type
Carpet, Ceramic, Hardwood
Building materials
Brick, Masonry
Roof type
Flat, Asphalt
Listing Agency:
Keller Williams Realty Staten
(718) 766-7159
Listed By:
Weiping (Billy) Liang · License #10401332637
(917) 724-9751
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 12 at 8:06PM
MLS# 503875
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 fully vacant triplex is a brick and masonry residence built in 1899, with approximately 3,000 square feet of living space on a 20' x 100' lot. The property contains three units, including a walk-in basement, and offers adaptable interior configurations. Existing features include a deck, window A/C units, ceramic, carpet, and hardwood flooring, along with a kitchen equipped with a stove, refrigerator, microwave, washer, and dryer.
The property is located in Bensonhurst near D train service at 18th Avenue and 79th Street, with B1 and B8 bus routes nearby. The 86th Street shopping district is close by, along with restaurants, supermarkets, banks, schools, and other everyday services. The property is zoned R5.
The property is located in Bensonhurst near D train service at 18th Avenue and 79th Street, with B1 and B8 bus routes nearby. The 86th Street shopping district is close by, along with restaurants, supermarkets, banks, schools, and other everyday services. The property is zoned R5.
Key Highlights
- Three‑unit residential property offered fully vacant
- 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
5.20%
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 5.20%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,504 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully vacant three-unit residence with flexible layouts, a walk-in basement, and a deck in Bensonhurst.
Where is this triplex located?
The property is located at 1673 83rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Three‑unit residential property offered fully vacant; Approximately 3,000 square feet of living space; 20' x 100' lot
