Three-Unit Home with
For Sale
$1,398,000
1717 78th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$537.69
Days on Market559
Property Features for 1717 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features
Patio, Porch
Interior features
Laundry Area, Patio Garden, Porch, Stove, Window Treatments
Basement
Unfinished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8477
Amenities
yard
garden
patio
washer/dryer hookups
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Laminate, Tile, Carpet
Building materials
Wood Frame, Masonry
Roof type
Asphalt
Listing Agency:
Anne Lopa Real Estate
Listed By:
Ann Lopa
(718) 227-1111
Added: Apr 13, 2025
Changed: Oct 20
Last Checked: Oct 23 at 2:06AM
MLS# 490855
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.
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Investment Insights
Based on property information with market context.
This 2,600-square-foot triplex was built in 1915 on a 0.0459-acre lot and includes three apartments. Two units were renovated 5 and 9 years ago, while the third has been maintained with a retro-style interior. Features include hardwood, carpet, tile, and laminate flooring, stainless steel appliances, large closets, and open living areas with natural light. Two apartments are vacant.
The first floor connects to a large yard with garden and patio areas. A separate basement entry provides access to washer and dryer hookups. The property has 4 gas meters and 3 electric meters, with steam/gas heat. Electrical wiring, apartment electrical boxes, and windows have been updated at varying times, while the asphalt roof is approximately 4 years old. The property is zoned R5 and located in Brooklyn near parks, shopping, restaurants, schools, trains, and buses.
The first floor connects to a large yard with garden and patio areas. A separate basement entry provides access to washer and dryer hookups. The property has 4 gas meters and 3 electric meters, with steam/gas heat. Electrical wiring, apartment electrical boxes, and windows have been updated at varying times, while the asphalt roof is approximately 4 years old. The property is zoned R5 and located in Brooklyn near parks, shopping, restaurants, schools, trains, and buses.
Key Highlights
- Three apartments within a 2,600‑square‑foot multifamily property
- Two units renovated 5 and 9 years ago; third unit maintained with a retro‑style interior
- Two apartments are vacant
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 - Wood-frame multifamily property with renovated apartments, private outdoor space, and two currently 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 apartments within a 2,600‑square‑foot multifamily property; Two units renovated 5 and 9 years ago; third unit maintained with a retro‑style interior; Two apartments are vacant
