Semi-Detached 2-Family
1259 78th Street Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property size:
1,714 SFLot size:
0.05 AcresPrice / SF:
$699/SF- Added:
- Jun 29, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 10 at 2:06 am
Property Features for 1259 78th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2
- Patio and Porch features
- Porch
- Interior features
- Porch, Refrigerator, Stove, Terrace
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,714 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7937
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Hardwood, Tile, Laminate
- Building materials
- Wood Frame
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 29, 2026
MLS# 502652
Listing URL
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 semi-detached 2-family home offers a practical income setup with two spacious 3-bedroom apartments and additional finished basement space. The top floor includes an oversized 3-bedroom layout with a front terrace and an interior rear staircase that leads directly to the backyard. The first floor features another spacious 3-bedroom unit with a front porch and rear access to the large backyard. A finished basement adds extra room, and the home includes a separate side entrance, supporting independent access to the lower level.
The building is sized at 17’ by 55’, with an enclosed rear staircase, and sits on a 20’ by 100’ lot. The property is located in Dyker Heights, Brooklyn, and the listing notes convenience to shopping, restaurants, schools, parks, and public transportation.
With two full residential units and a finished basement accessed via a separate side entrance, the property may fit owners looking for rental flexibility or tenants seeking additional usable space within a multi-unit configuration. It is zoned R4-1, and the listing states an annual property tax of $8,702.
The building is sized at 17’ by 55’, with an enclosed rear staircase, and sits on a 20’ by 100’ lot. The property is located in Dyker Heights, Brooklyn, and the listing notes convenience to shopping, restaurants, schools, parks, and public transportation.
With two full residential units and a finished basement accessed via a separate side entrance, the property may fit owners looking for rental flexibility or tenants seeking additional usable space within a multi-unit configuration. It is zoned R4-1, and the listing states an annual property tax of $8,702.
Key Highlights
- Semi‑detached 2‑family home built in 1920 with a finished basement and separate side entrance
- Two 3‑bedroom apartments: top floor has a front terrace and interior rear staircase to the backyard; first floor has front porch and rear access to the backyard
- Enclosed rear staircase plus building size of 17' x 55' on a 20' x 100' lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.4k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $85.8k | $50.03 |
| − OpEx | −$25.7k | −$15.01 |
| NOI | $60.0k | $35.02 |
1,714 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.5K
$750.3K – $1.00M
NOI $60,027 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$747.5K
$654.1K – $872.1K
NOI $52,327 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,343 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate 3-bedroom units plus a finished basement with side entrance for flexible residential income.
Where is this duplex located?
The property is located at 1259 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Semi‑detached 2‑family home built in 1920 with a finished basement and separate side entrance; Two 3‑bedroom apartments: top floor has a front terrace and interior rear staircase to the backyard; first floor has front porch and rear access to the backyard; Enclosed rear staircase plus building size of 17' x 55' on a 20' x 100' lot
