Two-Family Frame
For Sale
$2,498,000
1412 Neptune Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size2,508 SF
Lot Size0.07 Acres
Price / SF$996.01
Days on Market923
Property Features for 1412 Neptune Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6-C1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Interior features
A/C Unit, A/C Unit - Window, Refrigerator, Stove
Subdivision
Coney Island
Standard status
Active
Size
2,508 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3500
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Flat, Rubber
Listing Agency:
Century 21 Realty First
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: Apr 2, 2024
Changed: Oct 10
Last Checked: Oct 11 at 11:06AM
MLS# 481021
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 two-family wood-frame residence was built in 1930 and contains 2,508 square feet. The property includes six bedrooms, two bathrooms, window A/C units, a refrigerator, and a stove. Interior finishes include hardwood and tile flooring, while the building has a flat rubber roof.
The parcel measures 32 by 130 feet and contains 0.0732 acres. It is located on Neptune Avenue between West 15th Street and Stillwell Avenue in Brooklyn. The property is near the beach, shopping, entertainment, and transportation serving the Coney Island area.
The parcel measures 32 by 130 feet and contains 0.0732 acres. It is located on Neptune Avenue between West 15th Street and Stillwell Avenue in Brooklyn. The property is near the beach, shopping, entertainment, and transportation serving the Coney Island area.
Key Highlights
- Two‑family residential property with 2,508 square feet
- 32 by 130‑foot lot totaling 0.0732 acres
- Six bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,834
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,680
$1.8M
Cap Rate 7%
$1,254,771
$1.3M
Cap Rate 9%
$975,933
$975.9K
Market Conditions
NOI Build-Up for 2,508 SF
Gross rent
$127.9K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$125.5K $50.03/SF
− OpEx
−$37.6K −$15.01/SF
NOI
$87.8K $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%
$1,756,680
Cap Rate 7%
$1,254,771
Cap Rate 9%
$975,933
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,834 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$1.09M
$957.1K – $1.28M
NOI $76,567 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.42M
NOI $145,364 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Wood-frame residential income property with two bathrooms, window A/C units, and a mix of hardwood and tile flooring.
Where is this duplex located?
The property is located at 1412 Neptune Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,498,000.
What are key features of this property?
This property features: Two‑family residential property with 2,508 square feet; 32 by 130‑foot lot totaling 0.0732 acres; Six bedrooms and two bathrooms
