Semi-Brick Triplex with
New
For Sale
$2,380,000
1859 78th St, Brooklyn, NY 11214
Three-level residential property with varied bedroom layouts, a private driveway, garage, and abundant natural light.
Property Size3,327 SF
Days on Market4
Property Features for 1859 78th St
General Information
Standard status
Active
Size
3,327 SF
Elevators
No
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,641
Building Details
Building Size
3,327 SF
Year Built
1970
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 9:48AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This semi-brick triplex was built in 1970 and sits on a 30’ × 100’ lot with a 22’ × 55’ building footprint. The first floor contains 2 bedrooms and 1 full bath, while the second and third floors each offer 3 bedrooms and 1.5 baths. A private driveway and garage provide on-site parking, and three exposures bring natural light into the home.
Located at 1859 78th St in Brooklyn’s Bensonhurst section, the property is near the 86th Street shopping district, restaurants, schools, and public transportation. WalkScore is 96, TransitScore is 84, and BikeScore is 56, reflecting strong access to nearby services and transit options.
Located at 1859 78th St in Brooklyn’s Bensonhurst section, the property is near the 86th Street shopping district, restaurants, schools, and public transportation. WalkScore is 96, TransitScore is 84, and BikeScore is 56, reflecting strong access to nearby services and transit options.
Key Highlights
- Three‑family layout with 2 bedrooms and 1 full bath on the first floor
- Second and third floors each contain 3 bedrooms and 1.5 baths
- 30’ × 100’ lot with a 22’ × 55’ building
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
$90,743
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
3.81%
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%
$1,814,860
$1.8M
Cap Rate 7%
$1,296,329
$1.3M
Cap Rate 9%
$1,008,256
$1.0M
Market Conditions
NOI Build-Up for 3,327 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
$135.7K $40.80/SF
− Vacancy
−$6.1K −$1.84/SF
EGI
$129.6K $38.96/SF
− OpEx
−$38.9K −$11.69/SF
NOI
$90.7K $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%
$1,814,860
Cap Rate 7%
$1,296,329
Cap Rate 9%
$1,008,256
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.13M – $1.51M
NOI $90,743 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,327 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,857 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,066
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
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?
Triplex - Three-level residential property with varied bedroom layouts, a private driveway, garage, and abundant natural light.
Where is this triplex located?
The property is located at 1859 78th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: Three‑family layout with 2 bedrooms and 1 full bath on the first floor; Second and third floors each contain 3 bedrooms and 1.5 baths; 30’ × 100’ lot with a 22’ × 55’ building
