Four-Unit Brownstone with
12 WILLOUGHBY Avenue, Brooklyn, NY 11205
For Sale
New
$4,500,000
Four free-market apartments are fully occupied and the property will transfer in its current condition.
Property Size4,000 SF
Price / SF$1,125
Days on Market4
Property Features for 12 WILLOUGHBY Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
Building Details
Building Size
Year Built
Construction
Listing Agency:
Corcoran Group
Listed By:
Amar Jehs · License #10401305529 (NY)
(347) 415-8722
Source:
Howardhannanyc
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:20PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This semi-detached brownstone is configured with four full-floor apartments, each approximately 1000SF. Interior details include 12-foot ceilings, decorative fireplaces, and original architectural features, with a private backyard serving the property. Built in 1910, the multifamily asset is fully occupied and will be delivered as-is; all apartments are free-market.
The property is in Brooklyn’s Fort Greene area, near Fort Greene Park, Downtown Brooklyn, BAM, and Barclays Center. Restaurants, shopping, and cultural institutions are also cited in the surrounding neighborhood.
The property is in Brooklyn’s Fort Greene area, near Fort Greene Park, Downtown Brooklyn, BAM, and Barclays Center. Restaurants, shopping, and cultural institutions are also cited in the surrounding neighborhood.
Key Highlights
- Four full‑floor apartments, approximately 1000SF each
- 12‑foot ceilings, decorative fireplaces, and original architectural details
- Private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,087
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,801,740
$2.8M
Cap Rate 7%
$2,001,243
$2.0M
Cap Rate 9%
$1,556,522
$1.6M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$204.0K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$200.1K $50.03/SF
− OpEx
−$60.0K −$15.01/SF
NOI
$140.1K $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%
$2,801,740
Cap Rate 7%
$2,001,243
Cap Rate 9%
$1,556,522
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,506
Businesses Nearby
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Business Placement
Demographics for 11205, NY
50,474
Population
19,200
Households
2.6
Avg Household Size
30
Median Age
52%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
42,062
Density / Sq Mi
$86,753
Median Household Income
$59,901
Median Earnings
$2,307
Median Rent
$892,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four free-market apartments are fully occupied and the property will transfer in its current condition.
Where is this quadplex located?
The property is located at 12 WILLOUGHBY Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four full‑floor apartments, approximately 1000SF each; 12‑foot ceilings, decorative fireplaces, and original architectural details; Private backyard
