Brick Quadplex With Finished
1708 W 12th Street, Brooklyn, NY 11223
For Sale
$1,990,000
Residential, Brooklyn, NY
Property Size3,000 SF
Lot Size0.06 Acres
Price / SF$663.33
Days on Market899
Property Features for 1708 W 12th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter · License NY BEA5721
(718) 532-2000
Added: May 31, 2024
Changed: Oct 31
Last Checked: Nov 15 at 5:06PM
MLS# 483507
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 3,000-square-foot quadplex is a semi-detached brick residence completed in 1930. The property contains four two-bedroom units and a full finished basement with separate entrances. Interior details include hardwood and tile flooring, along with refrigerators and stoves. The building has a flat roof and four bathrooms.
Situated at 1708 W 12th Street in Brooklyn, the property is near Kings Highway and Bay Parkway. The 0.0574-acre lot is zoned R4-1 and identified within Kings County. The surrounding area includes transportation and shopping, with the property located in the Gravesend/Bensonhurst area.
Situated at 1708 W 12th Street in Brooklyn, the property is near Kings Highway and Bay Parkway. The 0.0574-acre lot is zoned R4-1 and identified within Kings County. The surrounding area includes transportation and shopping, with the property located in the Gravesend/Bensonhurst area.
Key Highlights
- Four two‑bedroom units in a quadplex configuration
- 3,000 square feet of property size
- Full finished basement with separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
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
$1,063,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit brick property with two-bedroom residences, separate basement entrances, hardwood and tile flooring, and a flat roof.
Where is this quadplex located?
The property is located at 1708 W 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Four two‑bedroom units in a quadplex configuration; 3,000 square feet of property size; Full finished basement with separate entrances
