Three-Unit Multifamily
New
For Sale
$1,488,000
1717 78th Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$572.31
Days on Market1
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, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 5
Parking features
On Street
Fencing
Chain Link, Fenced
Basement
Full, Unfinished
Subdivision
Bensonhurst
Standard status
Active
APN
06248-0078
Size
2,600 SF
Lot size
0.05 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Annual Amount
8668
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
yard
garden
patio
washer/dryer hookups
ring camera
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Building materials
Aluminum Siding, Stone, Vinyl Siding
Buildings
1
Listing Agency:
Anne Lopa Real Estate
Listed By:
Ann Lopa
(718) 227-1111
Added: Oct 29
Last Checked: Oct 29 at 7:06PM
MLS# 2606076
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 three-unit multifamily property contains 2,600 square feet on a 0.0459-acre lot and is zoned R5. Two apartments were updated 5 and 9 years ago, while the third received a more recent renovation that included stainless steel appliances, granite counters, and a new bath. The building also has hardwood floors, a basement with two entrances, and washer and dryer hookups. Electrical systems and apartment wiring have been updated, and the roof is approximately 4 years old.
The first-floor apartment opens to a fenced yard with a garden and patio. The property has 4 gas meters and 3 electric meters, with hot-water steam heat powered by natural gas. Public sewer service is available. Transit, shopping, restaurants, parks, and schools are nearby in Brooklyn.
The first-floor apartment opens to a fenced yard with a garden and patio. The property has 4 gas meters and 3 electric meters, with hot-water steam heat powered by natural gas. Public sewer service is available. Transit, shopping, restaurants, parks, and schools are nearby in Brooklyn.
Key Highlights
- Three apartments in a 2,600‑square‑foot building
- 0.0459‑acre lot; zoned R5
- First‑floor apartment opens to a fenced yard with garden and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,914
Cap Rate
4.77%
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 4.77%
Second Best
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,170 @ 7.0% cap · market cap 7.14%
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 - Three apartments include a first-floor unit with direct access to a private yard and patio.
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 $1,488,000.
What are key features of this property?
This property features: Three apartments in a 2,600‑square‑foot building; 0.0459‑acre lot; zoned R5; First‑floor apartment opens to a fenced yard with garden and patio
