Two-Family Corner Home with
For Sale
$2,999,999
1052 E 12th St, Brooklyn, NY 11230
Well-maintained two-family residence on a corner lot with private driveway and detached two-car garage.
Property Size3,139 SF
Days on Market73
Property Features for 1052 E 12th St
General Information
Standard status
Active
Size
3,139 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,344
Building Details
Building Size
3,139 SF
Year Built
1901
Stories
3
Listing Agency:
Kaloshi Real Estate Inc
Listed By:
Javed Iqbal · License #JI2929
(718) 287-5200
Source:
Elliman
Added: Jun 25
Changed: Aug 26
Last Checked: Sep 4 at 1:13PM
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 Kaloshi Real Estate Inc
Investment Insights
Based on property information with market context.
This well-maintained two-family home is positioned on a 40' x 100' corner lot and offers four bedrooms. The property includes a private driveway for off-street parking and a detached two-car garage, adding valuable storage and vehicle space.
Convenient to daily needs, the home is located near public transportation, including buses and trains, as well as shopping, schools, and houses of worship. The corner setting provides added privacy and natural light.
With its two-family configuration and off-street parking amenities, the property is designed to accommodate a range of ownership and occupancy options.
Convenient to daily needs, the home is located near public transportation, including buses and trains, as well as shopping, schools, and houses of worship. The corner setting provides added privacy and natural light.
With its two-family configuration and off-street parking amenities, the property is designed to accommodate a range of ownership and occupancy options.
Key Highlights
- Well‑maintained two‑family home built in 1901
- 4 bedrooms total with abundant natural light on a 40' x 100' corner lot
- Private driveway provides parking for residents
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
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 residence on a corner lot with private driveway and detached two-car garage.
Where is this duplex located?
The property is located at 1052 E 12th St 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: Well‑maintained two‑family home built in 1901; 4 bedrooms total with abundant natural light on a 40' x 100' corner lot; Private driveway provides parking for residents
