102 Pierrepont St, Brooklyn, NY 11201

102 Pierrepont Street offers a prime opportunity for investors and users in the heart of Brooklyn Heights, one of New York City’s most prestigious and supply-constrained neighborhoods. The six-unit, 83% free-market brownstone spans 7,530 SF with a desirable mix of large one- and three-bedroom layouts, including a vacant garden duplex with private outdoor space—ideal for repositioning or owner-occupancy. Investment Highlights • Building Size: 7,530 SF • Units: 6 (5 leased, 1 vacant) • Tenancy: 83% Free Market • Expense Ratio: ~33% • Protected Tax Class: 2A • Pro Forma Cap Rate: 6.6% • Pro Forma Rents: ~$475,000 annually • Price per SF: $690 Value-Add Potential The property offers immediate upside through targeted renovations and rent repositioning. With one key vacancy in the garden duplex and several under-market leases, ownership can capture meaningful near-term gains by modernizing select interiors and aligning rents with current neighborhood benchmarks. The property’s low expense ratio and 2A protected tax class provide a solid operating foundation, ensuring that incremental improvements translate directly into enhanced cash flow and long-term asset value. Live + Income Opportunity The vacant garden duplex presents an attractive option for an end-user buyer seeking a live-plus-income property—residing in the expansive duplex while collecting stable rental income from five apartments above. Nestled on one of Brooklyn Heights’ most picturesque tree-lined blocks, the property is surrounded by landmark brownstones, charming cafés, and boutique shops along Montague Street. The Promenade, Brooklyn Bridge Park, and multiple subway lines are just moments away, offering a rare blend of tranquility and accessibility. This combination of historic charm, lifestyle convenience, and steady rental performance makes 102 Pierrepont Street an ideal choice for those looking to live in one of New York City’s most coveted neighborhoods while benefiting from reliable investment income.