Detached Three-Family
For Sale
$1,698,000
Pending
8749 17th Ave, Brooklyn, NY 11214
R5 zoning, a private driveway, and a fenced backyard define this well-maintained residential property.
Property Size3,195 SF
Days on Market185
Property Features for 8749 17th Ave
General Information
Standard status
Pending
Size
3,195 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,808
Building Details
Building Size
3,195 SF
Year Built
1915
Listing Agency:
Ben Bay Realty Co
Listed By:
Pavlina Tsokos
(718) 238-6080
Source:
Elliman
Added: Apr 28
Changed: Oct 28
Last Checked: Oct 28 at 8:44AM
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 Ben Bay Realty Co
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Investment Insights
Based on property information with market context.
This fully detached three-family residence sits on a 40 x 96.67-foot lot and includes a 30 x 32-foot house. The property has three separate heating systems and separate hot water systems, along with a private driveway and fenced backyard. Recent exterior improvements include a new roof and vinyl siding, and the home is expected to be vacant at closing.
The property is near restaurants and stores in Bensonhurst, with access to the D train, local buses, and the B1 route. WalkScore is 84, BikeScore is 79, and TransitScore is 68. The property is zoned R5 and was built in 1915.
The property is near restaurants and stores in Bensonhurst, with access to the D train, local buses, and the B1 route. WalkScore is 84, BikeScore is 79, and TransitScore is 68. The property is zoned R5 and was built in 1915.
Key Highlights
- Detached three‑family residence on a 40 x 96.67‑foot lot
- 30 x 32‑foot house with three separate heating systems and hot water systems
- Private driveway and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,143
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,860
$1.7M
Cap Rate 7%
$1,244,900
$1.2M
Cap Rate 9%
$968,256
$968.3K
Market Conditions
NOI Build-Up for 3,195 SF
Gross rent
$130.4K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.5K $38.96/SF
− OpEx
−$37.3K −$11.69/SF
NOI
$87.1K $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 Rate 5%
$1,742,860
Cap Rate 7%
$1,244,900
Cap Rate 9%
$968,256
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,143 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.12M
$976.3K – $1.30M
NOI $78,100 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,466 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,607
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - R5 zoning, a private driveway, and a fenced backyard define this well-maintained residential property.
Where is this triplex located?
The property is located at 8749 17th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Detached three‑family residence on a 40 x 96.67‑foot lot; 30 x 32‑foot house with three separate heating systems and hot water systems; Private driveway and fenced backyard
