Brick-and-Stucco Multifamily
For Sale
Contact for pricing
1074 E 12th St, New York, NY 11230
Two-story property with a garage, basement, driveway, and front and rear yard areas.
Property Size2,976 SF
Lot Size0.09 Acres
Price / SF$655.24
Days on Market187
Property Features for 1074 E 12th St
General Information
Standard status
Active
Size
2,976 SF
Class
B
Lot size
0.09 Acres
Property subtype
Multifamily
Occupancy
90%
Investment Type
Owner/User
Net Operating Income
$75,000
Amenities
garage
large driveway
large basement
back & front yard
Building Details
Year Built
1920
Stories
2
Units
2
Construction
brick & stucco
Listing Agency:
SERHANT
Listed By:
Alessa Aichinger · License #10401333915
Source:
Crexi
Added: Apr 16
Changed: Oct 5
Last Checked: Oct 19 at 7:11AM
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 SERHANT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920 multifamily property has brick-and-stucco construction, a garage, a broad driveway, and both front and rear yard areas. The property measures 2,976 SF overall, with 1,461 SF identified on the first and second floors and an additional 1,461 SF basement. The site dimensions are 40x100.
Located at 1074 E 12th St in New York, NY 11230, the property is described as convenient to shopping. Its combination of enclosed parking, substantial basement space, outdoor areas, and two-story configuration provides a range of existing physical features for multifamily ownership.
Located at 1074 E 12th St in New York, NY 11230, the property is described as convenient to shopping. Its combination of enclosed parking, substantial basement space, outdoor areas, and two-story configuration provides a range of existing physical features for multifamily ownership.
Key Highlights
- 2,976 SF multifamily property built in 1920
- 40x100 property dimensions
- Brick‑and‑stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,111
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,220
$1.9M
Cap Rate 7%
$1,330,157
$1.3M
Cap Rate 9%
$1,034,567
$1.0M
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$178.2K $59.88/SF
− Vacancy
−$8.9K −$2.99/SF
EGI
$169.3K $56.89/SF
− OpEx
−$76.2K −$25.60/SF
NOI
$93.1K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,220
Cap Rate 7%
$1,330,157
Cap Rate 9%
$1,034,567
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,111 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.41M
$6.48M – $8.64M
NOI $518,538 @ 7.0% cap · market cap 26.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story property with a garage, basement, driveway, and front and rear yard areas.
Where is this multifamily property located?
The property is located at 1074 E 12th St New York, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2,976 SF multifamily property built in 1920; 40x100 property dimensions; Brick‑and‑stucco construction
