Building Details

Year built 1905

Floors in Building 3

Number of units 2

Flooring type Hardwood

Building materials Wood Frame

Roof type Flat

Listing Agency: Ben Bay Realty Co of Bay Ridge Show Phone

Listed By: Charles A. Fabbella Show Phone

Added: Apr 15 Changed: Oct 13 Last Checked: Oct 18 at 1:06AM

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MLS# 500534

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Investment Insights

Based on property information with market context.

Configured as a two-family duplex, the property spans three stories and provides 2,700 square feet of living area. A full unfinished basement adds supporting space, while hardwood flooring and wood-frame construction define the existing improvements. The room schedule includes six bedrooms and three bathrooms, and the building has a flat roof.

The parcel measures 20 x 100 feet, with a 20 x 45-foot home footprint, and carries R6 zoning. A backyard provides outdoor space behind the building. Built in 1905, the property is located at 20 Pilling Street in Brooklyn, NY 11207, within Kings (Brooklyn) County.

Key Highlights

• Two‑family, three‑story duplex with 2,700 square feet of living area
• Full unfinished basement
• 20 x 100 lot with a 20 x 45 home footprint

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

Is this asking price fair?

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 (±1% cap)

NOI $94,559 @ 7.0% cap · market cap 7.88%

Second Best

Apartment 5plus

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,428 @ 7.0% cap · market cap 6.87%

Theoretical Best

Specialty Retail

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,492 @ 7.0% cap · market cap 13.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Family Apartment Near ... Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Acupuncture Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family wood-frame residence with hardwood flooring and an unfinished basement.

Where is this duplex located?

The property is located at 20 Pilling Street 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, three‑story duplex with 2,700 square feet of living area; Full unfinished basement; 20 x 100 lot with a 20 x 45 home footprint