Brick Quadplex with Finished
For Sale
$2,220,000
1754 77th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,444 SF
Lot Size0.06 Acres
Price / SF$644.60
Days on Market18
Property Features for 1754 77th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 6
Interior features
A/C Unit, A/C Unit - Window, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,444 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
17741
Amenities
shared laundry room
tenant storage
front and backyard spaces
Building Details
Year built
1931
Number of units
4
Flooring type
Laminate, Tile, Hardwood
Building materials
Brick
Roof type
Asphalt, Flat
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Jia Huang · License #JH5391
(347) 401-8224
Added: Sep 10
Changed: Sep 20
Last Checked: Sep 27 at 12:06PM
MLS# 504459
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.
Investment Insights
Based on property information with market context.
Located at 1754 77th Street in Brooklyn, this semi-detached quadplex was built in 1931 and constructed with brick. The property contains 3,444 square feet of interior space on a 2,550-square-foot lot measuring 0.0574 acres. Its four-family layout includes 8 bedrooms and 4 full bathrooms, with laminate, tile, and hardwood flooring throughout the residence.
The finished basement adds a shared laundry area, mechanical room, tenant storage, and recreational space. Front and backyard areas provide additional outdoor space. The property is zoned R5 and includes window air-conditioning units, a washer, dryer, refrigerator, stove, and microwave. It may be delivered vacant or with tenants in place. Shopping, supermarkets, and dining along 18th Avenue are nearby, with access to the N and D subway lines and B4 and B8 bus routes.
The finished basement adds a shared laundry area, mechanical room, tenant storage, and recreational space. Front and backyard areas provide additional outdoor space. The property is zoned R5 and includes window air-conditioning units, a washer, dryer, refrigerator, stove, and microwave. It may be delivered vacant or with tenants in place. Shopping, supermarkets, and dining along 18th Avenue are nearby, with access to the N and D subway lines and B4 and B8 bus routes.
Key Highlights
- Four‑family layout with 8 bedrooms and 4 full bathrooms
- 3,444 square feet of interior space on a 2,550‑square‑foot lot
- 0.0574‑acre parcel in Brooklyn, NY 11214
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family brick property with laundry, storage, and outdoor areas in Brooklyn’s Bensonhurst section.
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: Four‑family layout with 8 bedrooms and 4 full bathrooms; 3,444 square feet of interior space on a 2,550‑square‑foot lot; 0.0574‑acre parcel in Brooklyn, NY 11214
