Brick Duplex With Private
For Sale
$1,899,900
1952 W 12th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,078 SF
Lot Size0.06 Acres
Price / SF$914.29
Days on Market49
Property Features for 1952 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
2,078 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4721
Amenities
private garage
paved backyard
outdoor gas BBQ
security system
balcony
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Tile, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: Jul 23
Changed: Sep 7
Last Checked: Sep 9 at 6:06PM
MLS# 503264
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 2,078-square-foot duplex is a two-family brick residence built in 1935 on a 0.0568-acre lot. The home includes five bedrooms and four full bathrooms, with two bedrooms on the first floor and three bedrooms upstairs. The finished basement adds a recreation area, storage, ceramic tile flooring, a granite kitchen with center island, and two full bathrooms. Interior details include Venetian plaster walls, wainscoting, exposed wood beams, a copper soaking tub, and nine-foot ceilings. A private detached garage, paved backyard, outdoor gas BBQ, and balcony provide additional functional features.
The property is located in Brooklyn, NY 11223, on a 25' x 100' lot with a 20' x 55' building footprint. Construction features include a double-brick exterior, Anderson windows and doors, a solid wood staircase, and a flat roof. The residence also has two security systems with a combined total of 12 surveillance cameras. Zoning is R4-1.
The property is located in Brooklyn, NY 11223, on a 25' x 100' lot with a 20' x 55' building footprint. Construction features include a double-brick exterior, Anderson windows and doors, a solid wood staircase, and a flat roof. The residence also has two security systems with a combined total of 12 surveillance cameras. Zoning is R4-1.
Key Highlights
- 2,078 square feet on a 0.0568‑acre lot
- Five‑bedroom, four‑bathroom duplex configuration
- 25' x 100' lot with a 20' x 55' building size
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
$72,775
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
3.83%
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%
$1,455,500
$1.5M
Cap Rate 7%
$1,039,643
$1.0M
Cap Rate 9%
$808,611
$808.6K
Market Conditions
NOI Build-Up for 2,078 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
$106.0K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$104.0K $50.03/SF
− OpEx
−$31.2K −$15.01/SF
NOI
$72.8K $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 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%
$1,455,500
Cap Rate 7%
$1,039,643
Cap Rate 9%
$808,611
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$909.7K – $1.21M
NOI $72,775 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$906.3K
$793.0K – $1.06M
NOI $63,439 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,441 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,734
Businesses Nearby
Explore this area
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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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 - Two-family brick residence with five bedrooms, four full bathrooms, a finished basement, and a paved outdoor area.
Where is this duplex located?
The property is located at 1952 W 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: 2,078 square feet on a 0.0568‑acre lot; Five‑bedroom, four‑bathroom duplex configuration; 25' x 100' lot with a 20' x 55' building size
