Two-Family Duplex with Private
For Sale
$2,999,999
1052 E 12th Street, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Property Size3,139 SF
Lot Size0.09 Acres
Price / SF$955.72
Days on Market55
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 3, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 9, Bedroom 1, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 10, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 4
Interior features
Refrigerator, Stove
Basement
Finished, Full
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
Hardwood, Ceramic
Building materials
Masonry
Roof type
Shingle
Listing Agency:
Kaloshi Real Estate Inc
(718) 287-5200
Listed By:
Javed Iqbal · License #JI2929
(718) 287-5200
Added: Jun 20
Changed: Aug 3
Last Checked: Aug 13 at 9:06AM
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.
A well-maintained two-family duplex featuring masonry construction and a shingle roof, built in 1901. The layout includes 4 bedrooms and interior finishes such as hardwood and ceramic flooring. The home also includes practical in-unit features listed as a refrigerator and stove.
Set on a 40' x 100' corner lot, the property offers a private driveway and a detached two-car garage for parking and storage. Zoning is listed as R5. The location is described as convenient to public transportation, including buses and trains, along with shopping, schools, and houses of worship.
With its corner setting and parking/garage amenities, this duplex can fit both owner-occupant and rental use cases.
Set on a 40' x 100' corner lot, the property offers a private driveway and a detached two-car garage for parking and storage. Zoning is listed as R5. The location is described as convenient to public transportation, including buses and trains, along with shopping, schools, and houses of worship.
With its corner setting and parking/garage amenities, this duplex can fit both owner-occupant and rental use cases.
Key Highlights
- 40' x 100' corner lot
- Private driveway plus detached two‑car garage
- Zoned R5
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
Multi-tenant
Tenancy
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 - Well-maintained two-family duplex on a corner lot with a private driveway and detached two-car garage.
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: 40' x 100' corner lot; Private driveway plus detached two‑car garage; Zoned R5
