Two-Unit Townhouse with Private
78 Pilling St Brooklyn, NY 11207
New
78 Pilling St, Brooklyn, NY, 11207
$1,495,000
Pending
For Sale
$1,495,000
Pending
Renovated, four-floor two-unit townhouse with hardwood floors, exposed brick, and a private garden; currently vacant.
Property Size3,300 SF
Days on Market2
Property Features for 78 Pilling St
General Information
- Standard status
- Pending
- Size
- 3,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing agency
(917) 626-6597
Listed by
Quinn Hagstrand · License #10401212182 (NY)
(917) 626-6597
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 3:56PM Checked: Jul 22 at 3:56PM
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 Quinn Hagstrand
Investment Insights
Based on property information with market context.
78 Pilling St is a renovated, 20-ft wide, two-unit townhouse spanning four floors and approximately 3,300 square feet. The parlor level duplex includes two bedrooms, three bathrooms, high parlor ceilings, hardwood floors, and original exposed brick. A fully finished recreation area and private garden add usable living space, and the bedrooms face the backyard with southeast exposures. The vented chef’s kitchen features GE Profile stainless steel appliances, a center island, and a built-in wine fridge.
A second, upstairs residence offers a three-bedroom, two-bath layout with a similar configuration, high ceilings, more exposed brick, and ample natural light. The home is currently vacant. Located in Bushwick on a tree-lined street, it is described as moments from multiple subway lines (L, A, C, J & Z), with very walkable amenities nearby.
A second, upstairs residence offers a three-bedroom, two-bath layout with a similar configuration, high ceilings, more exposed brick, and ample natural light. The home is currently vacant. Located in Bushwick on a tree-lined street, it is described as moments from multiple subway lines (L, A, C, J & Z), with very walkable amenities nearby.
Key Highlights
- Renovated 20‑ft wide, two‑unit townhouse built in 1905 with 3,300 SF across four floors
- Parlor‑level unit: 2‑bedroom, 3‑bath duplex with fully finished recreation area and private garden
- Second residence: 3‑bedroom, 2‑bath apartment, renovated with a similar high‑ceiling layout
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 | $168.3k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $165.1k | $50.03 |
| − OpEx | −$49.5k | −$15.01 |
| NOI | $115.6k | $35.02 |
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated, four-floor two-unit townhouse with hardwood floors, exposed brick, and a private garden; currently vacant.
Where is this duplex located?
The property is located at 78 Pilling St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Renovated 20‑ft wide, two‑unit townhouse built in 1905 with 3,300 SF across four floors; Parlor‑level unit: 2‑bedroom, 3‑bath duplex with fully finished recreation area and private garden; Second residence: 3‑bedroom, 2‑bath apartment, renovated with a similar high‑ceiling layout
