Corner-Lot
For Sale
$2,999,999
1052 E 12th Street, Brooklyn, NY 11230
Residential, Brooklyn, NY
Property Size3,139 SF
Lot Size0.09 Acres
Price / SF$955.72
Days on Market79
Property Features for 1052 E 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 9, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Midwood
Standard status
Active
Size
3,139 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13344
Building Details
Year built
1901
Floors in Building
3
Flooring type
Ceramic, Hardwood
Building materials
Masonry
Roof type
Shingle
Listing Agency:
Kaloshi Real Estate Inc
(718) 287-5200
Listed By:
Javed Iqbal · License #JI2929
(347) 234-1049
Added: Jun 20
Changed: Sep 6
Last Checked: Sep 6 at 5:06AM
MLS# 502459
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 duplex occupies a 40' x 100' corner lot in Brooklyn and includes 3,139 square feet of residential space. The property has masonry construction, a shingle roof, ceramic and hardwood flooring, and interior appliances including a refrigerator and stove. A private driveway and detached two-car garage provide on-site parking and storage.
Built in 1901, the home is located near bus and train service, shopping, schools, and houses of worship. The R5 zoning designation and two-family configuration support its residential income-property profile. The corner setting adds exposure to two street frontages while bringing natural light to the property.
Built in 1901, the home is located near bus and train service, shopping, schools, and houses of worship. The R5 zoning designation and two-family configuration support its residential income-property profile. The corner setting adds exposure to two street frontages while bringing natural light to the property.
Key Highlights
- Two‑family duplex on a 40' x 100' corner lot
- 3,139 square feet of residential space
- Detached two‑car garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,933
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,198,660
$2.2M
Cap Rate 7%
$1,570,471
$1.6M
Cap Rate 9%
$1,221,478
$1.2M
Market Conditions
NOI Build-Up for 3,139 SF
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.
Gross rent
$160.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$157.0K $50.03/SF
− OpEx
−$47.1K −$15.01/SF
NOI
$109.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,198,660
Cap Rate 7%
$1,570,471
Cap Rate 9%
$1,221,478
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,933 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,830 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$2.60M
$2.27M – $3.03M
NOI $181,936 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with private parking, a detached garage, and access to public transportation in Brooklyn.
Where is this duplex located?
The property is located at 1052 E 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Two‑family duplex on a 40' x 100' corner lot; 3,139 square feet of residential space; Detached two‑car garage and private driveway
