Homecrest Apartment Building For
2069 E 12th St Brooklyn, NY 11229
2069 E 12th St, Brooklyn, NY, 11229
$3,440,000
For Sale
$3,440,000
19-unit apartment building in prime Homecrest area.
Property Size4,680 SF
Lot Size0.14 Acres
Price / SF$735.04
Days on Market119
Property Features for 2069 E 12th St
General Information
- Standard status
- Active
- Size
- 4,680 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi Family
Listing Agency
A P Services Inc
(347) 515-8272
Listed by
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Source
Elliman
Added: Mar 24 Updated: Jul 6 at 12:01 pm Checked: Jul 19 at 5:57 am
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 A P Services Inc
Investment Insights
Based on property information with market context.
This is a 19-unit apartment building located on East 12th Street between Avenue T and Avenue U in the Homecrest area. The property has 60 feet of frontage on E 12th Street and is built 60 feet by 78 feet on a 60 foot by 105 foot R5/C1-3 lot. The building has 4 floors and contains ten one-bedroom and nine two-bedroom apartments. The gross operating income is $349,834 and the net operating income is $210,000 annually. This property offers an investor the opportunity to own a building in a convenient and growing neighborhood in South Brooklyn. The Homecrest area has high demand by apartment tenants, resulting in a low supply of available rental apartments and reliable value preservation.
Key Highlights
- High Net Operating Income (NOI) of $210,000 annually.
- Prime Homecrest location on East 12th Street.
- Mint condition 19‑unit apartment building.
Local Financial Insights For Apartment 5plus
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 | $265.1k | $56.64 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $259.8k | $55.51 |
| − OpEx | −$116.9k | −$24.98 |
| NOI | $142.9k | $30.53 |
4,680 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,876 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.39M – $4.52M
NOI $271,253 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ACN Xoom Energy
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 19-unit apartment building in prime Homecrest area.
Where is this apartment building located?
The property is located at 2069 E 12th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,440,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $210,000 annually.; Prime Homecrest location on East 12th Street.; Mint condition 19‑unit apartment building.
