Brooklyn Multifamily Building Near
For Sale
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778 Livonia Avenue, Brooklyn, NY 11207
Fully occupied, 16-unit multifamily building near Van Siclen Avenue.
Property SizeContact for details
Days on Market160
Property Features for 778 Livonia Avenue
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
R6
Building Details
Year Built
2016
Listing Agency:
Landair Advisors
Listed By:
Maha Alaoui · License #10401392848
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Landair Advisors
Investment Insights
Based on property information with market context.
The property at 778-780 Livonia Avenue features two fully occupied, 8-unit multifamily buildings in East New York, Brooklyn. Constructed in 2016, the property is located one minute from the Van Siclen Avenue 3 Train station. The building contains 14 one-bedroom apartments and 2 studios, all featuring modern layouts and efficient construction. Tenants are responsible for their own heat, which contributes to a controlled expense profile. The buildings are fully rent stabilized and benefit from a 421a tax abatement through 2031, and are protected under Tax Class 2B. The annual taxes are $489 for 2026/2027. The property has a current NOI of $300,263.
Key Highlights
- 8.1% Cap Rate and $300,263 NOI provides strong in‑place cash flow
- 421a tax abatement in place until 2031 results in exceptionally low annual taxes of only $489
- Located one minute from the Van Siclen Avenue (3 Train) providing excellent transit access
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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?
Apartment building - Fully occupied, 16-unit multifamily building near Van Siclen Avenue.
Where is this apartment building located?
The property is located at 778 Livonia Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8.1% Cap Rate and $300,263 NOI provides strong in‑place cash flow; 421a tax abatement in place until 2031 results in exceptionally low annual taxes of only $489; Located one minute from the Van Siclen Avenue (3 Train) providing excellent transit access
