Three-Family Home with Private
For Sale
$1,398,000
1717 78th Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$537.69
Days on Market561
Property Features for 1717 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
5
Bathrooms
6
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 3
Parking features
On Street
Basement
Full, Unfinished
Subdivision
Bensonhurst
Standard status
Active
APN
06248-0078
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8135
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Building materials
Aluminum Siding, Stone, Vinyl Siding
Listing Agency:
Anne Lopa Real Estate
Listed By:
Ann Lopa
(718) 227-1111
Added: Apr 11, 2025
Changed: Oct 18
Last Checked: Oct 23 at 3:06AM
MLS# 2502004
Copyright © 2026 Staten Island Board of Realtors. 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 2,600-square-foot three-family property, built in 1915, includes three apartments with open living areas, natural light, and generous closet space. Two units were renovated 5 and 9 years ago and include stainless steel appliances; the remaining apartment has been maintained with a retro finish. A first-floor kitchen opens to a private yard with garden and patio areas. The basement provides a second exterior entry and washer/dryer hookups.
Located at 1717 78th Street in Brooklyn, the property is approximately 1/2 a block from trains and buses, with parks, shopping, restaurants, and schools nearby. Two apartments are vacant. Additional features include a roof approximately 4 years old, replacement windows installed 2 to 15 years ago, hardwood floors, hot water and natural gas heating, public sewer, and on-street parking. The property has 4 gas meters and 3 electric meters and is zoned R5.
Located at 1717 78th Street in Brooklyn, the property is approximately 1/2 a block from trains and buses, with parks, shopping, restaurants, and schools nearby. Two apartments are vacant. Additional features include a roof approximately 4 years old, replacement windows installed 2 to 15 years ago, hardwood floors, hot water and natural gas heating, public sewer, and on-street parking. The property has 4 gas meters and 3 electric meters and is zoned R5.
Key Highlights
- Three‑family property with 2,600 square feet on a 0.0459‑acre lot
- Two apartments are vacant
- Two apartments renovated 5 and 9 years ago; stainless steel appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,914
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,280
$1.4M
Cap Rate 7%
$1,013,057
$1.0M
Cap Rate 9%
$787,933
$787.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$106.1K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.3K $38.96/SF
− OpEx
−$30.4K −$11.69/SF
NOI
$70.9K $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%
$1,418,280
Cap Rate 7%
$1,013,057
Cap Rate 9%
$787,933
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,170 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,900
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned multifamily property with updated apartments, transit access, and two vacant units.
Where is this triplex located?
The property is located at 1717 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Three‑family property with 2,600 square feet on a 0.0459‑acre lot; Two apartments are vacant; Two apartments renovated 5 and 9 years ago; stainless steel appliances included
