Oversized Two-Family Home with
1655 W 12th Street Brooklyn, NY 11223
1655 W 12th Street, Brooklyn, NY, 11223
$2,600,000
For Sale
$2,600,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,400 SF
Lot Size0.07 Acres
Price / SF$1,083
Days on Market60
Property Features for 1655 W 12th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7A
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
- Interior features
- A/C Unit, A/C Unit - Wall, A/C Unit - Window, Dryer, Laundry Area, Refrigerator, Stove, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10067
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Masonry
Listing Agency
Kmax Realty Inc
(929) 456-3987
1429 82nd Street, Brooklyn, NY
Listed by
Siu Wai Raymond Cheung
(646) 580-3212
Added: May 18 Checked: Jul 16 at 3:06 pm
MLS# 501383
Listing URL
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 oversized brick two-family home, situated on a 32.5' x 100' lot, offers a rare opportunity in Brooklyn. The property measures 20' x 63' and features a thoughtfully designed interior light well, bringing abundant natural light into the center of the home. The second floor has a 5-bedroom layout, offering excellent potential to maximize both property value and rental income. The first floor includes a spacious living room, 3 bedrooms, a dining area, and hardwood and tile flooring throughout. The finished lower level offers a private front entrance as well as a separate side entrance, 2 bathrooms, and versatile open space suitable for a variety of uses. A standout feature is the built-in rear garage, currently being used as an entertainment room, along with a private driveway. Additional highlights include a sizable enclosed backyard. The property is conveniently located just minutes from the N train at Kings Highway Station and also close to the F and D subway lines. The property can be delivered vacant, or the current tenant may be retained. The property is suitable for those looking to live in one unit while offsetting their mortgage with rental income, or seeking a strong long-term investment opportunity.
Key Highlights
- Two‑family brick/masonry home built in 1920 with enclosed backyard and private driveway
- Oversized footprint: 20' x 63' building on a 32.5' x 100' lot
- Second floor offers a 5‑bedroom layout
Local Financial Insights For Multifamily LT 5
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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crystal Rain Window ...
General Contractor
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FAQs
What type of property is this?
Duplex - Spacious Brooklyn two-family home with unique light well feature.
Where is this duplex located?
The property is located at 1655 W 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two‑family brick/masonry home built in 1920 with enclosed backyard and private driveway; Oversized footprint: 20' x 63' building on a 32.5' x 100' lot; Second floor offers a 5‑bedroom layout
