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Six-Unit Brick Apartment Building
For Sale
$1,450,000

2047 78th St, Brooklyn, NY 11214

Six two-bedroom residences are supplemented by two separately rented basement storage areas.

Property Size5,600 SF
Days on Market13

Property Features for 2047 78th St

General Information

Standard status Active
Size 5,600 SF
Property subtype Multi Family
Net Operating Income $89,660

Financials

Asking Price $1,450,000
Cap Rate 6.18%
Gross Income $134,760

Units

Unit Mix 6 x 2BR
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $21,900

Building Details

Building Size 5,600 SF
Year Built 1924
Stories 3
Construction brick
Listing Agency: GW Realty, LLC
Listed By: Mari Mineh
Source: Elliman
Added: Aug 28 Changed: Aug 31 Last Checked: Sep 8 at 8:38AM

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 GW Realty, LLC

Investment Insights

Based on property information with market context.

Constructed in 1924, this brick multifamily building contains six two-bedroom apartments along with two basement storage areas that are rented separately. The configuration combines residential units with additional storage income sources within the same property.

The building is in Bensonhurst, Brooklyn, near shopping, restaurants, public transportation, and the 86th Street commercial corridor. Walk Score is 96, Transit Score is 86, and Bike Score is 67, providing measurable access to local services and transportation options.

Key Highlights

  • Six two‑bedroom apartments in a 6‑family brick building
  • Two separately rented basement storage areas
  • Built in 1924

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,504
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six two-bedroom residences are supplemented by two separately rented basement storage areas.
Where is this apartment building located?
The property is located at 2047 78th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Six two‑bedroom apartments in a 6‑family brick building; Two separately rented basement storage areas; Built in 1924
More about this property
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