Brick Three-Family
For Sale
$2,380,000
1859 78th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,327 SF
Lot Size0.07 Acres
Price / SF$715.36
Days on Market57
Property Features for 1859 78th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 8, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,327 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
15641
Building Details
Year built
1970
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: Aug 6
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
MLS# 503453
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.
This brick triplex at 1859 78th Street comprises 3,327 square feet on a 0.0689-acre lot, with a 22' × 55' building positioned on a 30' × 100' parcel. The three-floor configuration includes a first-floor residence with 2 bedrooms and 1 full bath, plus second- and third-floor residences each offering 3 bedrooms and 1.5 baths. A private driveway and garage provide on-site parking. Interior features include refrigerators and stoves, with hardwood and tile flooring throughout the residences. Built in 1970, the property has a flat roof and three exposures that bring natural light into the building.
The property is located in Bensonhurst, Brooklyn, near the 86th Street shopping district, restaurants, schools, and public transportation. R5 zoning supports the existing multifamily configuration.
The property is located in Bensonhurst, Brooklyn, near the 86th Street shopping district, restaurants, schools, and public transportation. R5 zoning supports the existing multifamily configuration.
Key Highlights
- 3,327‑square‑foot triplex on a 0.0689‑acre lot
- Three residences with 2‑bedroom, 3‑bedroom, and 3‑bedroom layouts
- First floor includes 2 bedrooms and 1 full bath; upper floors each have 3 bedrooms and 1.5 baths
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residential levels feature varied bedroom layouts, private parking, hardwood and tile floors, and abundant natural light.
Where is this triplex located?
The property is located at 1859 78th Street 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: 3,327‑square‑foot triplex on a 0.0689‑acre lot; Three residences with 2‑bedroom, 3‑bedroom, and 3‑bedroom layouts; First floor includes 2 bedrooms and 1 full bath; upper floors each have 3 bedrooms and 1.5 baths
