1764 70th St, Brooklyn, NY 11204

Building Details

Building Size 5,040 SF More

Year Built 1925 More

Listing Agency: Womcore LLC dba Remax Edge

Listed By: Michelle J. Zhang · License NY MZ4172 Show Phone

Source: Elliman

Added: Mar 11 Changed: Oct 31 Last Checked: Nov 8 at 5:43AM

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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

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Investment Insights

Based on property information with market context.

This is a large, semi-detached four-family home situated in a prime location on 18th Avenue. The building has dimensions of 21 x 80 ft and is set on a 28 x 100 ft lot. The property features spacious and bright apartments with high ceilings and abundant natural light. A backyard provides space for outdoor activities. The property includes three two-bedroom apartments, some of which have been updated and are move-in ready, and one three-bedroom apartment that is spacious and filled with natural light. The location provides convenient access to subway stations, including the D and N lines, facilitating commuting. The neighborhood offers a variety of amenities, with restaurants, supermarkets, and banks located nearby. This property is suitable for rental income, multi-family living, or expanding an investment portfolio.

Key Highlights

• Prime 18th Avenue Location
• Four‑Family Semi‑Detached Home
• Three Two‑Bedroom Apartments (some updated)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,836

Cap Rate

2.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,176,720 $1.2M

Cap Rate 7%

$840,514 $840.5K

Cap Rate 9%

$653,733 $653.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$85.7K $51.00/SF

− Vacancy

−$1.6K −$0.97/SF

EGI

$84.1K $50.03/SF

− OpEx

−$25.2K −$15.01/SF

NOI

$58.8K $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 Rate 5%

$1,176,720

Cap Rate 7%

$840,514

Cap Rate 9%

$653,733

Alternative Uses

Best Use

Multifamily LT 5

$840.5K

$735.5K – $980.6K (±1% cap)

NOI $58,836 @ 7.0% cap · market cap 2.94%

Second Best

Apartment 5plus

$732.7K

$641.1K – $854.8K (±1% cap)

NOI $51,289 @ 7.0% cap · market cap 2.56%

Theoretical Best

Specialty Retail

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,373 @ 7.0% cap · market cap 4.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

Average Price Trend$/SF for Quadplexes in Brooklyn, NY

$822 Jul

$796 Aug

$752 Sep

$736 Oct

Properties on Market for Quadplexes in Brooklyn

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Large, semi-detached home with updated apartments and convenient location.

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; Three Two‑Bedroom Apartments (some updated)