Detached Triplex with
New
For Sale
$1,699,000
1966 79th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$809.05
Days on Market2
Property Features for 1966 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2
Parking features
Carport
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,100 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8773
Amenities
backyard
balcony
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Flooring type
Ceramic, Hardwood, Laminate
Building materials
Wood Frame, Masonry
Roof type
Shingle
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Franklin Shan · License #FS1500
(917) 708-9966
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 503688
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 detached, legal three-family property at 1966 79th Street provides approximately 2,100 square feet of living space within a 22' x 53' building footprint. The residence includes six bedrooms, four bathrooms, a separate basement entrance, and a balcony. An updated kitchen and bathroom add to the existing configuration, while hardwood, ceramic, and laminate flooring are present throughout the home. Built in 1915, the property combines wood-frame and masonry construction and has a shingle roof.
Outdoor features include a spacious backyard and two private parking spaces, with carport parking also identified. The property is located in Bensonhurst, Brooklyn, approximately seven blocks from the 86th Street commercial corridor, with access to shopping, restaurants, supermarkets, neighborhood services, and transportation. Zoning is R5.
Outdoor features include a spacious backyard and two private parking spaces, with carport parking also identified. The property is located in Bensonhurst, Brooklyn, approximately seven blocks from the 86th Street commercial corridor, with access to shopping, restaurants, supermarkets, neighborhood services, and transportation. Zoning is R5.
Key Highlights
- Legal detached 3‑family property with approximately 2,100 sq. ft. of living space
- Six bedrooms and four bathrooms, including basement configuration
- Separate basement entrance and balcony
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
$57,277
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
3.37%
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%
$1,145,540
$1.1M
Cap Rate 7%
$818,243
$818.2K
Cap Rate 9%
$636,411
$636.4K
Market Conditions
NOI Build-Up for 2,100 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
$85.7K $40.80/SF
− Vacancy
−$3.9K −$1.84/SF
EGI
$81.8K $38.96/SF
− OpEx
−$24.5K −$11.69/SF
NOI
$57.3K $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%
$1,145,540
Cap Rate 7%
$818,243
Cap Rate 9%
$636,411
Alternative Uses
Best Use
Multifamily LT 5
$818.2K
$716.0K – $954.6K
NOI $57,277 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,753 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,427
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
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family residence with a separate-entry basement, backyard, and updated kitchen and bathroom.
Where is this triplex located?
The property is located at 1966 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Legal detached 3‑family property with approximately 2,100 sq. ft. of living space; Six bedrooms and four bathrooms, including basement configuration; Separate basement entrance and balcony
