Brick Triplex with
New
For Sale
$1,675,000
100 Pilling Street, Brooklyn, NY 11207
Three upgraded apartments sit above a full basement with a separate entrance and half bath.
Property Size4,240 SF
Lot Size0.05 Acres
Price / SF$395.05
Days on Market6
Property Features for 100 Pilling Street
General Information
Standard status
Active
Size
4,240 SF
Lot size
0.05 Acres
Property subtype
Triplex
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,436
Amenities
garden
Building Details
Building Size
4,240 SF
Year Built
1905
Buildings
1
Construction
brick
Listing Agency:
Compass
Listed By:
Antonia Chabrowski
(646) 342-5566
Source:
Carlinwright
Added: Sep 22
Changed: Sep 27
Last Checked: Sep 26 at 2:47PM
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 Compass
Investment Insights
Based on property information with market context.
This semi-detached brick triplex contains three apartments, one on each floor, within 4,240 square feet. Each rental unit has been upgraded and measures more than 1,100 square feet. A full basement with its own entrance and a half bath adds additional space. The property also has a garden and front yard, and dates to 1905. The lot measures 20 by 100 feet.
The Brooklyn property is near access to the L, J, M, Z, A, and C train lines. Delivery with tenants is possible. The three-apartment layout and basement configuration are central features of the property.
The Brooklyn property is near access to the L, J, M, Z, A, and C train lines. Delivery with tenants is possible. The three-apartment layout and basement configuration are central features of the property.
Key Highlights
- Three apartments, one per floor
- 4,240 square feet in a semi‑detached brick building
- Each apartment is over 1,100 SF and has been upgraded
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
$148,492
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
8.87%
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%
$2,969,840
$3.0M
Cap Rate 7%
$2,121,314
$2.1M
Cap Rate 9%
$1,649,911
$1.6M
Market Conditions
NOI Build-Up for 4,240 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
$216.2K $51.00/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$212.1K $50.03/SF
− OpEx
−$63.6K −$15.01/SF
NOI
$148.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$2,969,840
Cap Rate 7%
$2,121,314
Cap Rate 9%
$1,649,911
Alternative Uses
Best Use
Multifamily LT 5
$2.12M
$1.86M – $2.47M
NOI $148,492 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,443 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$3.51M
$3.07M – $4.10M
NOI $245,750 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three upgraded apartments sit above a full basement with a separate entrance and half bath.
Where is this triplex located?
The property is located at 100 Pilling Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Three apartments, one per floor; 4,240 square feet in a semi‑detached brick building; Each apartment is over 1,100 SF and has been upgraded
