Brick Two-Family
1716 71st St Brooklyn, NY 11204
New
1716 71st St, Brooklyn, NY, 11204
$1,599,000
For Sale
$1,599,000
Solid brick 2-family semi-detached home with a private driveway and finished full basement, on a zoned R5 lot.
Property Size1,892 SF
Lot Size0.07 Acres
Price / SF$845.14
Days on Market4
Property Features for 1716 71st St
General Information
- Standard status
- Active
- Size
- 1,892 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
Tiger Realty
(917) 708-9966
Listed by
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 3:59AM Checked: Jul 22 at 10:43AM
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.
Introducing 1716 71st Street, a solid brick two-family semi-detached home. The property includes a private driveway and a full finished basement, with a building size of 17’ x 37’ on a 30’ x 100’ lot. The home was built in 1925 and is zoned R5.
The property is located in the heart of Bensonhurst, with convenient access to shopping, restaurants, schools, and public transportation.
This is a straightforward two-family configuration well suited for income-minded buyers seeking an established residential income asset.
The property is located in the heart of Bensonhurst, with convenient access to shopping, restaurants, schools, and public transportation.
This is a straightforward two-family configuration well suited for income-minded buyers seeking an established residential income asset.
Key Highlights
- Solid brick 2‑family semi‑detached home built in 1925
- Private driveway plus full finished basement
- 17' x 37' building size with approximately 1,892 SF
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 | $96.5k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $94.7k | $50.03 |
| − OpEx | −$28.4k | −$15.01 |
| NOI | $66.3k | $35.02 |
1,892 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,261 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$825.2K
$722.0K – $962.7K
NOI $57,761 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,660 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid brick 2-family semi-detached home with a private driveway and finished full basement, on a zoned R5 lot.
Where is this duplex located?
The property is located at 1716 71st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Solid brick 2‑family semi‑detached home built in 1925; Private driveway plus full finished basement; 17' x 37' building size with approximately 1,892 SF
