1412 Neptune Avenue Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
Property Features for 1412 Neptune Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6-C1
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4
- Interior features
- A/C Unit, A/C Unit - Window, Refrigerator, Stove
- Standard status
- Active
- Size
- 2,508 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3500
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Rubber, Flat
Listing agent Karla Ng Mok License #KNM9509 (718) 758-5838
Listing office Century 21 Realty First 6806 18th Avenue, Brooklyn, NY (718) 758-5838
Listing date Apr 2, 2024
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.
Key Highlights
- 2‑family frame home on a development site on Neptune Ave between West 15th St and Stillwell Ave
- Lot size 32 x 130 with building size 22 x 38
- Zoning: R‑6‑C‑8‑1
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 | $127.9k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.5k | $50.03 |
| − OpEx | −$37.6k | −$15.01 |
| NOI | $87.8k | $35.02 |
