Renovated Two-Family
For Sale
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181 Pembroke St, Brooklyn, NY 11235
Semi-detached residence with separate entrances and a legal two-family configuration.
Property Size2,400 SF
Price / SF$582.92
Days on Market64
Property Features for 181 Pembroke St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Listing Agency:
SERHANT
Listed By:
Alessa Aichinger · License #10401333915
Source:
Crexi
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 23 at 7:07AM
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 SERHANT
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Investment Insights
Based on property information with market context.
This semi-detached duplex provides a legal two-family residential layout within approximately 2,400 SF. Separate entrances support distinct access for each household, while renovations to both the interior and exterior update the property’s overall condition. Built in 1945, the residence is configured for two-family occupancy rather than a single-household arrangement.
The property is located at 181 Pembroke St in Brooklyn, NY 11235. Its two-unit setup and independent entrances are the defining physical features, offering a clear configuration for residential income use. The address identifies the asset within Brooklyn’s 11235 ZIP code.
The property is located at 181 Pembroke St in Brooklyn, NY 11235. Its two-unit setup and independent entrances are the defining physical features, offering a clear configuration for residential income use. The address identifies the asset within Brooklyn’s 11235 ZIP code.
Key Highlights
- Legal 2‑family configuration
- Approximately 2,400 SF of property size
- Semi‑detached residential structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 - Semi-detached residence with separate entrances and a legal two-family configuration.
Where is this duplex located?
The property is located at 181 Pembroke St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Legal 2‑family configuration; Approximately 2,400 SF of property size; Semi‑detached residential structure
