Two-Family Duplex with Full
1158 78th St Brooklyn, NY 11228
1158 78th St, Brooklyn, NY, 11228
$1,458,888
For Sale
$1,458,888
Built in 1920, this two-family duplex includes two units and a full basement with laundry and mechanicals.
Property Size2,080 SF
Price / SF$701.39
Days on Market75
Property Features for 1158 78th St
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Elite
(718) 690-3900
Listed by
Thomas D. Aellis
(718) 690-3900
Source
Elliman
Added: May 9 Updated: Jul 21 at 9:24PM Checked: Jul 22 at 8:35AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This two-family duplex at 1158 78th Street was built in 1920 and offers a versatile layout across two units. The home is being sold as-is and features generous living and dining areas, multiple bedrooms distributed across both units, and a full basement that includes laundry and mechanicals.
Located in Dyker Heights, the property is described as being on a quiet, tree-lined block. Access to shopping on 13th Avenue is convenient, and the listing notes proximity to the D & N subway lines, with the Belt Parkway minutes away.
The overall configuration provides two separate units within one structure, supported by basement space with laundry and mechanicals, offering buyers a straightforward framework for renovation, reconfiguration, or continued income use.
Located in Dyker Heights, the property is described as being on a quiet, tree-lined block. Access to shopping on 13th Avenue is convenient, and the listing notes proximity to the D & N subway lines, with the Belt Parkway minutes away.
The overall configuration provides two separate units within one structure, supported by basement space with laundry and mechanicals, offering buyers a straightforward framework for renovation, reconfiguration, or continued income use.
Key Highlights
- Built in 1920, two‑family duplex in Dyker Heights on a quiet, tree‑lined block
- Approximately 2,080 SF of living space across two units
- Two‑family layout with generous living and dining areas and multiple bedrooms across both units
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 | $106.1k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $104.1k | $50.03 |
| − OpEx | −$31.2k | −$15.01 |
| NOI | $72.8k | $35.02 |
2,080 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.6K – $1.21M
NOI $72,845 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$907.1K
$793.8K – $1.06M
NOI $63,500 @ 7.0% cap · market cap 4.35%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,557 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1920, this two-family duplex includes two units and a full basement with laundry and mechanicals.
Where is this duplex located?
The property is located at 1158 78th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,458,888.
What are key features of this property?
This property features: Built in 1920, two‑family duplex in Dyker Heights on a quiet, tree‑lined block; Approximately 2,080 SF of living space across two units; Two‑family layout with generous living and dining areas and multiple bedrooms across both units
