Two-Family Brick Home with
For Sale
$999,000
Pending
119 Pembroke St, Brooklyn, NY 11235
Two separate units, private outdoor space, and off-street parking make this brick home versatile for owner-occupants or investors.
Property Size2,000 SF
Days on Market131
Property Features for 119 Pembroke St
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,080
Building Details
Building Size
2,000 SF
Year Built
1945
Units
2
Listing Agency:
Corcoran Group
Listed By:
Kelly A Brunton
(646) 345-3431
Source:
Elliman
Added: Jun 21
Changed: Oct 26
Last Checked: Oct 28 at 9:13AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
119 Pembroke Street is a two-family brick home configured as an upper and lower unit, each with its own private entrance. The upper unit includes two bedrooms and one bathroom, with high ceilings, oversized windows, and hardwood floors, plus direct access to outdoor space through a front porch and a rear terrace off the second-floor bedroom with water views. A front porch and connected indoor-outdoor flow include steps down to the garden area.
The lower unit offers one bedroom and one bathroom with a separate entrance and direct access to the backyard for gardening and recreation. The property also includes a private driveway and a garage, providing meaningful convenience for multiple cars via off-street parking. The home is centrally located in Manhattan Beach, Brooklyn, with walkability and strong transit connectivity indicated by walkScore 87 and transitScore 72.
This is a solid framework for renovation and customization, but it does need TLC. Buyers may be particularly drawn to the split layout, multiple outdoor areas, existing hardwood floors, and high ceilings, along with on-site parking and water-view terrace access, whether planning to live in one unit while renting the other or pursuing an income-producing strategy.
The lower unit offers one bedroom and one bathroom with a separate entrance and direct access to the backyard for gardening and recreation. The property also includes a private driveway and a garage, providing meaningful convenience for multiple cars via off-street parking. The home is centrally located in Manhattan Beach, Brooklyn, with walkability and strong transit connectivity indicated by walkScore 87 and transitScore 72.
This is a solid framework for renovation and customization, but it does need TLC. Buyers may be particularly drawn to the split layout, multiple outdoor areas, existing hardwood floors, and high ceilings, along with on-site parking and water-view terrace access, whether planning to live in one unit while renting the other or pursuing an income-producing strategy.
Key Highlights
- Brick two‑family home built in 1945 with an upper and lower unit layout
- Each unit has its own private entrance and outdoor access
- Upper unit: 2 bedrooms, 1 bathroom, high ceilings, oversized windows, hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,043
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,860
$1.4M
Cap Rate 7%
$1,000,614
$1.0M
Cap Rate 9%
$778,256
$778.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$102.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$100.1K $50.03/SF
− OpEx
−$30.0K −$15.01/SF
NOI
$70.0K $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 Rate 5%
$1,400,860
Cap Rate 7%
$1,000,614
Cap Rate 9%
$778,256
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units, private outdoor space, and off-street parking make this brick home versatile for owner-occupants or investors.
Where is this duplex located?
The property is located at 119 Pembroke St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Brick two‑family home built in 1945 with an upper and lower unit layout; Each unit has its own private entrance and outdoor access; Upper unit: 2 bedrooms, 1 bathroom, high ceilings, oversized windows, hardwood floors
