Two-Unit Townhouse with Private
For Sale
$1,495,000
Pending
78 Pilling St, Brooklyn, NY 11207
Renovated, four-floor two-unit townhouse with hardwood floors, exposed brick, and a private garden; currently vacant.
Property Size3,300 SF
Days on Market99
Property Features for 78 Pilling St
General Information
Standard status
Pending
Size
3,300 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,668
Amenities
recreation area
private garden
Building Details
Building Size
3,300 SF
Year Built
1905
Stories
4
Units
2
Tenancy
Multi
Listing Agency:
Corcoran Group
Listed By:
Quinn Hagstrand · License #10401212182 (NY)
(917) 626-6597
Source:
Elliman
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 26 at 3:44PM
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 Corcoran Group
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,624
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
