Three-Story Two-Family
For Sale
$1,200,000
20 Pilling St, Brooklyn, NY 11207
Residential income property with an unfinished basement and rear yard.
Property Size2,700 SF
Lot Size0.05 Acres
Price / SF$444.44
Days on Market172
Property Features for 20 Pilling St
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,610
Amenities
backyard
Building Details
Building Size
2,700 SF
Year Built
1905
Buildings
1
Stories
3
Listing Agency:
Ben Bay Realty Co
Listed By:
Charles A. Fabbella
(718) 238-6080
Source:
Elliman
Added: Apr 28
Changed: Oct 3
Last Checked: Oct 16 at 9:19AM
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 Ben Bay Realty Co
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Investment Insights
Based on property information with market context.
Located at 20 Pilling St in Brooklyn, this two-family residential property occupies a 20 x 100 lot and contains a three-story home measuring 20 x 45. The building offers 2,700 sq ft of living space, a full unfinished basement, and a rear backyard. Built in 1905, the property is situated within an R6 zoning designation.
The location has a Walk Score of 90, a BikeScore of 64, and a Transit Score of 100. These ratings indicate very walkable surroundings, bike-accessible conditions, and extensive transit access.
The location has a Walk Score of 90, a BikeScore of 64, and a Transit Score of 100. These ratings indicate very walkable surroundings, bike-accessible conditions, and extensive transit access.
Key Highlights
- Two‑family property on a 20 x 100 lot
- Three‑story home measuring 20 x 45
- 2,700 sq ft of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,559
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,891,180
$1.9M
Cap Rate 7%
$1,350,843
$1.4M
Cap Rate 9%
$1,050,656
$1.1M
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$137.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$135.1K $50.03/SF
− OpEx
−$40.5K −$15.01/SF
NOI
$94.6K $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%
$1,891,180
Cap Rate 7%
$1,350,843
Cap Rate 9%
$1,050,656
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,624
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with an unfinished basement and rear yard.
Where is this duplex located?
The property is located at 20 Pilling St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family property on a 20 x 100 lot; Three‑story home measuring 20 x 45; 2,700 sq ft of living space
