Duplex Residence with Private
478 President St, Brooklyn, NY 11215
For Sale
New
$2,795,000
A separate two-bedroom apartment complements the owner-occupied unit, and both residences have PVAC climate-control systems.
Property Size2,915 SF
Days on Market3
Property Features for 478 President St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listed By:
Cynthia Acevedo
(646) 623-1608
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:47PM
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 Cynthia Acevedo
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Investment Insights
Based on property information with market context.
This three-story duplex property contains more than 2,900 square feet and has a 20' × 40' footprint. The current configuration includes an owner's duplex and an independent two-bedroom apartment. The building is presently used as a two-family residence, with the source also identifying single-family and three-family arrangements as possible configurations. A private garden and backyard extend from the owner's living space, and PVAC climate-control systems serve both units.
Built in 1899, the property is at 478 President Street in Brooklyn. The Gowanus Waterway is nearby. The reported walk, transit, and bike scores are 100, 100, and 91, respectively.
Built in 1899, the property is at 478 President Street in Brooklyn. The Gowanus Waterway is nearby. The reported walk, transit, and bike scores are 100, 100, and 91, respectively.
Key Highlights
- More than 2,900 square feet with a 20' × 40' footprint
- Three‑story property built in 1899
- Current two‑family configuration includes an owner's duplex and a separate two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,088
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,760
$2.0M
Cap Rate 7%
$1,458,400
$1.5M
Cap Rate 9%
$1,134,311
$1.1M
Market Conditions
NOI Build-Up for 2,915 SF
Gross rent
$148.7K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$145.8K $50.03/SF
− OpEx
−$43.8K −$15.01/SF
NOI
$102.1K $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%
$2,041,760
Cap Rate 7%
$1,458,400
Cap Rate 9%
$1,134,311
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,088 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,992 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.82M
NOI $168,953 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,693
Businesses Nearby
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Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate two-bedroom apartment complements the owner-occupied unit, and both residences have PVAC climate-control systems.
Where is this duplex located?
The property is located at 478 President St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: More than 2,900 square feet with a 20' × 40' footprint; Three‑story property built in 1899; Current two‑family configuration includes an owner's duplex and a separate two‑bedroom apartment
