Renovated Bay Ridge
518 78th Street Brooklyn, NY 11209
518 78th Street, Brooklyn, NY, 11209
$1,449,000
Pending
For Sale
$1,449,000
Pending
SINGLE_FAMILY - Brooklyn, NY
Property Size1,544 SF
Lot Size0.06 Acres
Days on Market86
Property Features for 518 78th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4-1
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
- Interior features
- Ceiling Fan(s)
- Basement
- Full, Finished
- Appliances
- Trash Compactor, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Pending
- Size
- 1,544 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9935
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Building materials
- Brick, Stucco
Listing agency
Real Broker NY LLC
(855) 450-0442
Listed by
Joseph Ranola
(631) 721-9468
Added: Apr 28 Updated: Jul 22 at 8:33AM Checked: Jul 22 at 12:06PM
MLS# 2602295
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated semi-attached brick home was built in 1925 and updated in 2021. The residence offers three bedrooms and three bathrooms, with hardwood floors and gas steam heat. Five split A/C units provide additional climate control throughout. A full finished basement includes its own separate entrance, and the property exterior features brick and stucco. A brand new roof was installed recently.
Outside, the home includes a private driveway and a detached garage with an automatic door. The yard is fully fenced and cement, designed for low-maintenance outdoor use.
Additional details include an R4-1 zoning designation, Flood Zone X, and approximate annual taxes of $9,023. The property totals about 1,544 square feet of finished living space above grade, plus finished basement space.
Outside, the home includes a private driveway and a detached garage with an automatic door. The yard is fully fenced and cement, designed for low-maintenance outdoor use.
Additional details include an R4-1 zoning designation, Flood Zone X, and approximate annual taxes of $9,023. The property totals about 1,544 square feet of finished living space above grade, plus finished basement space.
Key Highlights
- Semi‑attached single‑family home built in 1925, fully renovated in 2021 with just over 1,500 SF of finished living space above grade
- 3 bedrooms and 3 bathrooms, plus a full finished basement with its own separate entrance
- Brand new roof installed just months ago, with brick and stucco exterior and hardwood floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $77.2k | $50.03 |
| − OpEx | −$23.2k | −$15.01 |
| NOI | $54.1k | $35.02 |
1,544 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$772.5K
$675.9K – $901.2K
NOI $54,074 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$673.4K
$589.2K – $785.6K
NOI $47,137 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,490 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Semi-attached brick home with private driveway, detached garage, and fully renovated interiors.
Where is this duplex located?
The property is located at 518 78th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Semi‑attached single‑family home built in 1925, fully renovated in 2021 with just over 1,500 SF of finished living space above grade; 3 bedrooms and 3 bathrooms, plus a full finished basement with its own separate entrance; Brand new roof installed just months ago, with brick and stucco exterior and hardwood floors
