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 Market138
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: Sep 10
Last Checked: Sep 11 at 7:43AM
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
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 = 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
$87,143
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
5.13%
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%
$1,742,860
$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
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
$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 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%
$1,742,860
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,607
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
