Two-Family Duplex with Finished Lower
For Sale
$1,599,000
12 McKibbin Court, Brooklyn, NY 11206
Residential, Brooklyn, NY
Property Size2,000 SF
Lot Size0.04 Acres
Price / SF$799.50
Days on Market11
Property Features for 12 McKibbin Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4
Patio and Porch features
Patio
Interior features
A/C Unit - Wall, Laundry Area, Microwave, Patio Garden, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bushwick
Standard status
Active
Size
2,000 SF
Lot size
0.04 Acres
Amenities
gated private court
rear yard
storage shed
skylight
finished lower level
laundry
Building Details
Year built
1989
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Block, Steel
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Celinda Iaboni
(718) 269-4598
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 11 at 3:06AM
MLS# 504870
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 2,000-square-foot duplex contains two residences and a finished lower level. The first-floor unit has two bedrooms, one-and-a-half baths, and access to a rear yard and storage shed. Upstairs, the three-bedroom residence includes a living room, dining area, kitchen, full bath, and skylight. The lower level provides recreation, fitness, office, guest-area, laundry, and storage space, plus a full bath and mechanical area. The property was built in 1989 and has two owner-represented off-street parking spaces.
The home sits within a gated court in East Williamsburg. Montrose Avenue and Morgan Avenue L stations, restaurants, nightlife, shops, and creative businesses are nearby. The planned Echelon Studios production campus at 242 Seigel Street is across Seigel Street. Seller-reported updates include a roof replaced in 2026 and windows replaced in 2019.
The home sits within a gated court in East Williamsburg. Montrose Avenue and Morgan Avenue L stations, restaurants, nightlife, shops, and creative businesses are nearby. The planned Echelon Studios production campus at 242 Seigel Street is across Seigel Street. Seller-reported updates include a roof replaced in 2026 and windows replaced in 2019.
Key Highlights
- Two‑family property with 2,000 square feet of interior space
- First residence: 2 bedrooms, 1.5 baths, rear yard access, and a storage shed
- Second residence: 3 bedrooms, living room, dining area, kitchen, and skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,043
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,860
$1.4M
Cap Rate 7%
$1,000,614
$1.0M
Cap Rate 9%
$778,256
$778.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$102.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$100.1K $50.03/SF
− OpEx
−$30.0K −$15.01/SF
NOI
$70.0K $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 Rate 5%
$1,400,860
Cap Rate 7%
$1,000,614
Cap Rate 9%
$778,256
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Delivered vacant, the property has two residences, a finished lower level, and two off-street parking spaces.
Where is this duplex located?
The property is located at 12 McKibbin Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑family property with 2,000 square feet of interior space; First residence: 2 bedrooms, 1.5 baths, rear yard access, and a storage shed; Second residence: 3 bedrooms, living room, dining area, kitchen, and skylight
