Renovated Brick
New
For Sale
$1,498,000
2078 Pearson St, Brooklyn, NY 11234
Two separate residences are complemented by a finished lower level, private driveway, garage, balcony, and deck.
Property Size3,682 SF
Days on Market5
Property Features for 2078 Pearson St
General Information
Standard status
Active
Size
3,682 SF
Total Parking Spaces
1
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,853
Amenities
balcony
deck
backyard
finished lower level
Building Details
Building Size
3,682 SF
Year Built
1970
Stories
4
Construction
brick
Listing Agency:
Bergen Basin Realty
Listed By:
Aaron J. Eagle · License #10301221282
(718) 763-4110
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 6:05PM
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 Bergen Basin Realty
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Investment Insights
Based on property information with market context.
This renovated brick duplex contains two residences. The larger unit offers four bedrooms, including a primary bedroom with a private bathroom and walk-in closet, along with two living rooms, a dining room, a den, and an eat-in kitchen with a breakfast nook. It also has a laundry room, balcony, deck, and 2.5 bathrooms. The second unit includes two bedrooms, one bathroom, and an eat-in kitchen. A finished lower level with a three-quarter bathroom provides access to the backyard. The property also has hardwood and luxury vinyl flooring, updated mechanicals, a private driveway, and a one-car garage with an automatic opener. Built in 1970.
Public transportation options include MTA and express buses, with access to the Belt Parkway, Flatbush Junction’s 2 and 5 trains, and the Sheepshead Bay Q train. Shopping, restaurants, and houses of worship are also noted nearby.
Public transportation options include MTA and express buses, with access to the Belt Parkway, Flatbush Junction’s 2 and 5 trains, and the Sheepshead Bay Q train. Shopping, restaurants, and houses of worship are also noted nearby.
Key Highlights
- Two residences: a four‑bedroom main unit and a two‑bedroom second unit
- Main residence includes two living rooms, a den, dining room, eat‑in kitchen, and laundry room
- Finished lower level has a three‑quarter bathroom and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,950
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,579,000
$2.6M
Cap Rate 7%
$1,842,143
$1.8M
Cap Rate 9%
$1,432,778
$1.4M
Market Conditions
NOI Build-Up for 3,682 SF
Gross rent
$187.8K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$184.2K $50.03/SF
− OpEx
−$55.3K −$15.01/SF
NOI
$128.9K $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%
$2,579,000
Cap Rate 7%
$1,842,143
Cap Rate 9%
$1,432,778
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $128,950 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.87M
NOI $112,408 @ 7.0% cap · market cap 7.50%
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,409 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Two separate residences are complemented by a finished lower level, private driveway, garage, balcony, and deck.
Where is this duplex located?
The property is located at 2078 Pearson St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Two residences: a four‑bedroom main unit and a two‑bedroom second unit; Main residence includes two living rooms, a den, dining room, eat‑in kitchen, and laundry room; Finished lower level has a three‑quarter bathroom and backyard access
