Six-Unit Brick Apartment
For Sale
$1,780,000
1738 79th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size5,250 SF
Lot Size0.06 Acres
Price / SF$339.05
Days on Market675
Property Features for 1738 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 12, Bedroom 1, Bathroom 6, Bedroom 11, Bedroom 8, Bedroom 10, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 9
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
5,250 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
19274
Building Details
Year built
1931
Floors in Building
3
Number of units
6
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen
(917) 708-9966
Added: Dec 14, 2024
Changed: Oct 13
Last Checked: Oct 20 at 1:06PM
MLS# 488069
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.
Located at 1738 79th Street in Brooklyn, this three-story apartment building contains six two-bedroom residences with a total of 12 bedrooms and six bathrooms. The 5,250-square-foot structure was built in 1931 and features brick construction, tile flooring, refrigerators, and stoves. Each apartment is described as having a two-bedroom layout with strong natural light.
The building measures 25 x 70, while the lot measures 25 x 100 and encompasses 0.0574 acres. The property is zoned R5 and has a flat roof. Recent improvements include repointed exterior brickwork and a roof replaced within the last few years. The asset is situated in Brooklyn, NY 11214, in Kings County.
The building measures 25 x 70, while the lot measures 25 x 100 and encompasses 0.0574 acres. The property is zoned R5 and has a flat roof. Recent improvements include repointed exterior brickwork and a roof replaced within the last few years. The asset is situated in Brooklyn, NY 11214, in Kings County.
Key Highlights
- Six‑unit apartment building with six two‑bedroom apartments
- 5,250 square feet on a 0.0574‑acre lot
- Three‑story brick construction built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,333
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,566,660
$2.6M
Cap Rate 7%
$1,833,329
$1.8M
Cap Rate 9%
$1,425,922
$1.4M
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$242.6K $46.20/SF
− Vacancy
−$9.2K −$1.76/SF
EGI
$233.3K $44.44/SF
− OpEx
−$105.0K −$20.00/SF
NOI
$128.3K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,566,660
Cap Rate 7%
$1,833,329
Cap Rate 9%
$1,425,922
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,333 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,381 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,085
Businesses Nearby
Explore this area
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?
Apartment building - Three-story brick property with six two-bedroom apartments, tile flooring, and included refrigerators and stoves.
Where is this apartment building located?
The property is located at 1738 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Six‑unit apartment building with six two‑bedroom apartments; 5,250 square feet on a 0.0574‑acre lot; Three‑story brick construction built in 1931
