Spacious Brooklyn Four-Family
For Sale
$1,999,900
Pending
1764 70th St, Brooklyn, NY 11204
Large, semi-detached home in prime location with strong rental potential.
Property Size5,040 SF
Lot Size0.06 Acres
Days on Market270
Property Features for 1764 70th St
General Information
Standard status
Pending
Size
5,040 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$15,009
Building Details
Building Size
5,040 SF
Year Built
1925
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 21
Last Checked: Aug 24 at 6:20AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This large, semi-detached four-family home is situated in a prime location on 18th Avenue. The building measures 21 x 80 ft and sits on a 28 x 100 ft lot. The property features spacious, bright apartments with high ceilings and abundant natural light. It includes three two-bedroom apartments, some of which have been updated and are move-in ready, and one three-bedroom apartment that is also spacious and filled with natural light. A beautiful backyard provides space for relaxing, entertaining, or gardening. The property is located minutes from the D and N subway lines, offering convenient commuting options. It is also close to various amenities, including restaurants, supermarkets, and banks. The highly convenient neighborhood is ideal for tenants or homeowners seeking accessibility and comfort. This property is perfect for generating rental income in a high-demand area with strong occupancy rates, making it a great opportunity for multi-family living or expanding an investment portfolio.
Key Highlights
- Prime 18th Avenue Location
- Four‑Family Semi‑Detached Home: Great for multi‑family living or investment.
- Three Two‑Bedroom Apartments and One Three‑Bedroom Apartment.
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
$176,509
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
8.83%
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%
$3,530,180
$3.5M
Cap Rate 7%
$2,521,557
$2.5M
Cap Rate 9%
$1,961,211
$2.0M
Market Conditions
NOI Build-Up for 5,040 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
$257.0K $51.00/SF
− Vacancy
−$4.9K −$0.97/SF
EGI
$252.2K $50.03/SF
− OpEx
−$75.6K −$15.01/SF
NOI
$176.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$3,530,180
Cap Rate 7%
$2,521,557
Cap Rate 9%
$1,961,211
Alternative Uses
Best Use
Multifamily LT 5
$2.52M
$2.21M – $2.94M
NOI $176,509 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,866 @ 7.0% cap · market cap 7.69%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $292,118 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Large, semi-detached home in prime location with strong rental potential.
Where is this quadplex located?
The property is located at 1764 70th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Prime 18th Avenue Location; Four‑Family Semi‑Detached Home: Great for multi‑family living or investment.; Three Two‑Bedroom Apartments and One Three‑Bedroom Apartment.
