Renovated Brick 4-Family
1738 71st St Brooklyn, NY 11204
1738 71st St, Brooklyn, NY, 11204
$2,199,000
Pending
For Sale
$2,199,000
Pending
Renovated all-brick quadplex with four 1- and 2-bedroom units, delivered vacant for immediate ownership.
Property Size3,000 SF
Days on Market86
Property Features for 1738 71st St
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
Venezia Realty Group LLC
(347) 541-7253
Listed by
Lisa Babli
(347) 541-7253
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 12:36AM Checked: Jul 21 at 6:45AM
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 Venezia Realty Group LLC
Investment Insights
Based on property information with market context.
This all-brick 4-family (quadplex) has been renovated and is well maintained. The property includes four units: two-bedroom, one-bath and one-bedroom, one-bath layouts on both the first and second floors. The first-floor front unit features a spacious layout with two bedrooms and one bathroom, along with interior spiral stairs to a fully finished, tiled basement that has private access across the footprint. Additional private space includes an additional bathroom and an optional kitchen area suited for entertaining. The remaining units offer modern three-room or five-room configurations with one bathroom, including an open kitchen concept and dining area with new appliances.
Built size is 21 by 75, with over 3,000 square feet of living space. The home features custom finishes throughout, including parquet and tile floors. The property will be delivered vacant, and lifestyle metrics provided include a Walk Score of 96 and a Transit Score of 81.
Built size is 21 by 75, with over 3,000 square feet of living space. The home features custom finishes throughout, including parquet and tile floors. The property will be delivered vacant, and lifestyle metrics provided include a Walk Score of 96 and a Transit Score of 81.
Key Highlights
- All‑brick quadplex built in 1925 featuring four units: 1- and 2‑bedroom layouts
- Spacious building size of 21 x 75 with over 3,000 sq ft of living space
- 1st‑floor front unit includes 2BR/1BA with interior spiral stairs to a fully tiled finished basement
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 | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated all-brick quadplex with four 1- and 2-bedroom units, delivered vacant for immediate ownership.
Where is this quadplex located?
The property is located at 1738 71st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: All‑brick quadplex built in 1925 featuring four units: 1- and 2‑bedroom layouts; Spacious building size of 21 x 75 with over 3,000 sq ft of living space; 1st‑floor front unit includes 2BR/1BA with interior spiral stairs to a fully tiled finished basement
