Three-Unit Detached
For Sale
$1,495,000
8786 17th Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,543 SF
Lot Size0.08 Acres
Price / SF$587.89
Days on Market264
Property Features for 8786 17th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 3
Patio and Porch features
Patio
Interior features
A/C Unit, Dishwasher, Laundry Area, Patio Garden, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,543 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7081
Amenities
finished basement
front yard
fully fenced back yard
patio garden
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Tile
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Eduart Vata
(718) 236-7100
Added: Jan 7
Changed: Sep 16
Last Checked: Sep 28 at 1:06PM
MLS# 498210
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.
Investment Insights
Based on property information with market context.
This detached triplex contains approximately 2,543 square feet across three residential units in a three-story layout, with a finished basement and separate entrance. The property was built in 1920 with wood-frame construction, vinyl siding, a poured concrete foundation, and a shingle roof. Unit 1 offers two bedrooms, two full bathrooms, five rooms, tile flooring, a dishwasher, stove, laundry area, and basement access. The second-floor apartment has two bedrooms, one full bathroom, and four rooms, while the top-floor unit includes one bedroom, one full bathroom, and three rooms.
The property occupies a 33 x 108-foot lot totaling 3,570 square feet and includes a private driveway, parking for at least one vehicle, front and fenced back yards, and a patio garden. Located at 8786 17th Avenue in Brooklyn, NY 11214, the property is near Bath Avenue and Cropsey Avenue and is zoned R5.
The property occupies a 33 x 108-foot lot totaling 3,570 square feet and includes a private driveway, parking for at least one vehicle, front and fenced back yards, and a patio garden. Located at 8786 17th Avenue in Brooklyn, NY 11214, the property is near Bath Avenue and Cropsey Avenue and is zoned R5.
Key Highlights
- Three residential units with a 2‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath configuration
- Approximately 2,543 square feet on a 33 x 108‑foot lot totaling 3,570 square feet
- Built in 1920 with wood‑frame construction, poured concrete foundation, vinyl siding, and shingle roof
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
$69,360
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
4.64%
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%
$1,387,200
$1.4M
Cap Rate 7%
$990,857
$990.9K
Cap Rate 9%
$770,667
$770.7K
Market Conditions
NOI Build-Up for 2,543 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
$103.8K $40.80/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$99.1K $38.96/SF
− OpEx
−$29.7K −$11.69/SF
NOI
$69.4K $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%
$1,387,200
Cap Rate 7%
$990,857
Cap Rate 9%
$770,667
Alternative Uses
Best Use
Multifamily LT 5
$990.9K
$867.0K – $1.16M
NOI $69,360 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$888.0K
$777.0K – $1.04M
NOI $62,162 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,842 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Detached three-story residence with separate apartments, private parking, and finished basement access.
Where is this triplex located?
The property is located at 8786 17th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Three residential units with a 2‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath configuration; Approximately 2,543 square feet on a 33 x 108‑foot lot totaling 3,570 square feet; Built in 1920 with wood‑frame construction, poured concrete foundation, vinyl siding, and shingle roof
