Semi-Attached Duplex Home with Private
For Sale
$1,449,000
Pending
518 78th Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size1,544 SF
Lot Size0.06 Acres
Days on Market162
Property Features for 518 78th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Ceiling Fan(s)
Basement
Finished, Full
Appliances
Trash Compactor, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard, Side
Subdivision
Bay Ridge
Standard status
Pending
Size
1,544 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9935
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Amenities
hardwood floors
gas steam heat
split A/C
fully fenced cement yard
Building Details
Year built
1925
Floors in Building
2
Building materials
Brick, Stucco
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Joseph Ranola
(631) 721-9468
Added: Apr 28
Changed: Sep 13
Last Checked: Oct 6 at 5:06AM
MLS# 2602295
Copyright © 2026 Staten Island Board of Realtors. 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 semi-attached duplex-style residence was built in 1925 and fully renovated in 2021. The home offers three bedrooms and three bathrooms, with finished living space above grade plus a full finished basement that includes its own separate entrance. Interior details include hardwood floors, natural gas steam heat, ceiling fan(s), and five split A/C units. Exterior materials are brick and stucco, and the home has a brand new roof installed just months ago.
A private driveway leads to a detached garage with an automatic door. Outside, the fully fenced cement yard is low maintenance and designed for easy entertaining. The property is served by public sewer and is located in Flood Zone X, an area of minimal flood hazard. It sits on a quiet, residential block in Bay Ridge, with access to the Shore Road promenade, Verrazzano views, the R train at 77th, and shopping and dining along 3rd and 5th Avenue. Bay Ridge also falls within the Bay Ridge Special District and School District 20.
Lot size is 0.0562 acres, and the finished living area is 1,544 square feet above grade. The home includes a practical appliance package such as dishwasher, microwave, refrigerator, washer, dryer, and trash compactor.
A private driveway leads to a detached garage with an automatic door. Outside, the fully fenced cement yard is low maintenance and designed for easy entertaining. The property is served by public sewer and is located in Flood Zone X, an area of minimal flood hazard. It sits on a quiet, residential block in Bay Ridge, with access to the Shore Road promenade, Verrazzano views, the R train at 77th, and shopping and dining along 3rd and 5th Avenue. Bay Ridge also falls within the Bay Ridge Special District and School District 20.
Lot size is 0.0562 acres, and the finished living area is 1,544 square feet above grade. The home includes a practical appliance package such as dishwasher, microwave, refrigerator, washer, dryer, and trash compactor.
Key Highlights
- Brand new roof installed just months ago
- Three bedrooms and three bathrooms with finished basement and separate entrance
- Five split A/C units plus natural gas steam heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,137
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,740
$942.7K
Cap Rate 7%
$673,386
$673.4K
Cap Rate 9%
$523,744
$523.7K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$87.5K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$85.7K $55.51/SF
− OpEx
−$38.6K −$24.98/SF
NOI
$47.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,740
Cap Rate 7%
$673,386
Cap Rate 9%
$523,744
Alternative Uses
Best Use
Apartment 5plus
$673.4K
$589.2K – $785.6K
NOI $47,137 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,490 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Semi-attached home in R4-1 zoning with a brand new roof, private driveway, and fenced yard with detached garage
Where is this single family property located?
The property is located at 518 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Brand new roof installed just months ago; Three bedrooms and three bathrooms with finished basement and separate entrance; Five split A/C units plus natural gas steam heat
