Brooklyn Vacant Multifamily
461 78th Street, Brooklyn, NY 11209
New
MULTI_FAMILY - Brooklyn, NY
Property size:
5,000 SFLot size:
0.05 AcresPrice / SF:
$570/SF- Added:
- May 20, 2026
- Days on Market:
- 3
- Last Refresh:
- May 22 at 10:06 am
Property Features for 461 78th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 11, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 14, Bedroom 8, Bedroom 13, Bathroom 2, Bathroom 7, Bedroom 15, Bedroom 10, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 9, Bathroom 8, Bedroom 16, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 12
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21715
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Billy Apter License #BEA5721 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date May 20, 2026
MLS# 501529
Listing URL
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.
HighLights
- Free Market, All Vacant 6‑Family Building: Set market rents and fill all units immediately.
- Completely Gut‑Renovated: New plumbing, electric, gas, kitchens, and bathrooms.
- Prime Bay Ridge Location: Desirable neighborhood with convenient access to transportation, shopping, and restaurants.
- Extra‑Large, Solid Brick Construction: Durable exterior.
- Unit Mix: Includes two 3‑bedroom/2‑bathroom duplex units, two 3‑bedroom units, and two 2‑bedroom units.
- Granite Kitchens with Stainless Steel Appliances: Modern and attractive kitchens.
Overview
This is a semi-detached, solid brick, 6-family building located in Brooklyn, NY. The property is situated in the desirable Bay Ridge neighborhood, surrounded by transportation, shopping, and restaurants. The building has been completely gut-renovated with new plumbing, electric, and gas systems. The units feature granite kitchens with stainless steel appliances and updated bathrooms. The two first-floor units are duplexes, each with 3 bedrooms and 2 bathrooms. The second floor has two 3-bedroom units, and the third floor contains two 2-bedroom units. The property is zoned R4-1 and is comprised of free market rental units. The building contains approximately 5000 square feet and is situated on a lot of approximately 0.0486 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.70M
NOI $152,645 @ 9.00% cap · cautious / downside scenario
Moderate
$2.18M
NOI $152,645 @ 7.00% cap · market / base-case scenario
Aggressive
$3.05M
NOI $152,645 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.2k | $56.64 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $277.5k | $55.51 |
| − OpEx | −$124.9k | −$24.98 |
| NOI | $152.6k | $30.53 |
5,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,645 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,800 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.024212
- Latitude
- 40.627916
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly renovated, vacant 6-family building in prime Bay Ridge.
Where is this apartment building located?
The property is located at 461 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Free Market, All Vacant 6‑Family Building: Set market rents and fill all units immediately.; Completely Gut‑Renovated: New plumbing, electric, gas, kitchens, and bathrooms.; Prime Bay Ridge Location: Desirable neighborhood with convenient access to transportation, shopping, and restaurants.
