Brick 4-Family
For Sale
$2,220,000
1754 77th Street, Brooklyn, NY 11214
Semi-detached property with a finished basement, laundry, storage, and dedicated outdoor areas.
Property Size3,444 SF
Lot Size0.06 Acres
Price / SF$644.60
Days on Market16
Property Features for 1754 77th Street
General Information
Standard status
Active
Size
3,444 SF
Lot size
0.06 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
laundry room
recreational facilities
front yard
backyard
tenant storage
Building Details
Year Built
1931
Buildings
1
Construction
brick
Listing Agency:
Ashford Homes LLC
Listed By:
Jia Huang · License #JH5391
(929) 364-1301
Source:
Movetonewjersey
Added: Sep 12
Changed: Sep 18
Last Checked: Sep 26 at 4:18AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This semi-detached brick quadplex, built in 1931, contains 3,444 square feet of interior space on a 2,550 sq. ft. lot. The configuration includes 8 bedrooms and 4 full bathrooms across multiple levels, with a finished basement that adds a shared laundry room, mechanical room, tenant storage, and recreational space. Front and rear outdoor areas are also part of the property.
The building is located near the shopping, supermarkets, and restaurants along 18th Avenue. Public transportation includes access to the N and D subway lines and the B4 and B8 bus routes, providing connections through Brooklyn and to Manhattan. Delivery may be arranged either vacant or with tenants in place.
The building is located near the shopping, supermarkets, and restaurants along 18th Avenue. Public transportation includes access to the N and D subway lines and the B4 and B8 bus routes, providing connections through Brooklyn and to Manhattan. Delivery may be arranged either vacant or with tenants in place.
Key Highlights
- 3,444 square feet of interior space on a 2,550 sq. ft. lot
- Four‑family layout with 8 bedrooms and 4 full bathrooms
- Brick, semi‑detached building constructed in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,878,680
$1.9M
Cap Rate 7%
$1,341,914
$1.3M
Cap Rate 9%
$1,043,711
$1.0M
Market Conditions
NOI Build-Up for 3,444 SF
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.
Gross rent
$140.5K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$134.2K $38.96/SF
− OpEx
−$40.3K −$11.69/SF
NOI
$93.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,878,680
Cap Rate 7%
$1,341,914
Cap Rate 9%
$1,043,711
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.57M
NOI $93,934 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,187 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,634 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,900
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Semi-detached property with a finished basement, laundry, storage, and dedicated outdoor areas.
Where is this quadplex located?
The property is located at 1754 77th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: 3,444 square feet of interior space on a 2,550 sq. ft. lot; Four‑family layout with 8 bedrooms and 4 full bathrooms; Brick, semi‑detached building constructed in 1931
