Brick Duplex with Rear
For Sale
$2,600,000
1655 W 12th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.07 Acres
Price / SF$1,083
Days on Market159
Property Features for 1655 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7A
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Interior features
A/C Unit, A/C Unit - Wall, A/C Unit - Window, Dryer, Laundry Area, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,400 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10067
Amenities
light well
built-in rear garage
private driveway
enclosed backyard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Masonry
Listing Agency:
Kmax Realty Inc
Listed By:
Siu Wai Raymond Cheung
(929) 456-3987
Added: May 18
Changed: Oct 22
Last Checked: Oct 23 at 5:06AM
MLS# 501383
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.
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Investment Insights
Based on property information with market context.
This masonry two-family residence contains approximately 2,400 square feet and was built in 1920. The second floor offers five bedrooms, while the first floor includes three bedrooms, a living room, dining area, and hardwood and tile flooring. A finished lower level provides two bathrooms, open space, and both front and side entrances. Interior cooling, laundry appliances, and kitchen appliances are included.
The property sits on a 0.0746-acre lot measuring 32.5 feet by 100 feet, with a 20-foot by 63-foot building footprint. A built-in rear garage is currently configured as an entertainment room, and the property also includes a private driveway and enclosed backyard. Subway access includes the N train at Kings Highway Station, with proximity to the F and D lines. Delivery may be vacant, or the existing tenant may remain.
The property sits on a 0.0746-acre lot measuring 32.5 feet by 100 feet, with a 20-foot by 63-foot building footprint. A built-in rear garage is currently configured as an entertainment room, and the property also includes a private driveway and enclosed backyard. Subway access includes the N train at Kings Highway Station, with proximity to the F and D lines. Delivery may be vacant, or the existing tenant may remain.
Key Highlights
- Two‑family masonry residence with approximately 2,400 square feet
- Second‑floor five‑bedroom layout; first floor includes three bedrooms
- Finished lower level with 2 bathrooms and separate front and side entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,191
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate entrances, a finished lower level, private driveway, and enclosed outdoor space.
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 masonry residence with approximately 2,400 square feet; Second‑floor five‑bedroom layout; first floor includes three bedrooms; Finished lower level with 2 bathrooms and separate front and side entrances
