Two-Family Duplex
For Sale
$1,999,500
212 Avenue M, Brooklyn, NY 11230
Semi-attached two-family property with separate laundry rooms, private outdoor areas, and vacant delivery.
Property Size3,817 SF
Days on Market26
Property Features for 212 Avenue M
General Information
Standard status
Active
Size
3,817 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,461
Amenities
private balcony
dedicated laundry room
recreation room
front porch
rear porch
backyard
Building Details
Building Size
3,817 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Source:
Elliman
Added: Sep 16
Changed: Oct 9
Last Checked: Oct 9 at 10:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tree of Life Realty & Mgmt LLC
Investment Insights
Based on property information with market context.
This semi-attached duplex property contains two residential apartments and was built in 1960. The lower residence includes three bedrooms, 1.5 bathrooms, an updated kitchen, a dedicated laundry room, and a recreation room at ground level with an additional half bathroom. The upper apartment also provides three bedrooms and 1.5 bathrooms, along with a living room, private balcony, open dining and kitchen area, tile flooring, and its own laundry room.
Exterior features include a private garage, driveway, front porch, rear porch, and backyard. The property may be delivered vacant. Located at 212 Avenue M in Brooklyn, the home is near subway and bus service, supermarkets, schools, and parks, with walkScore 86, bikeScore 85, and transitScore 90.
Exterior features include a private garage, driveway, front porch, rear porch, and backyard. The property may be delivered vacant. Located at 212 Avenue M in Brooklyn, the home is near subway and bus service, supermarkets, schools, and parks, with walkScore 86, bikeScore 85, and transitScore 90.
Key Highlights
- Two residential apartments with three bedrooms and 1.5 bathrooms each
- Lower apartment includes a recreation room and additional half bathroom
- Updated kitchen and dedicated laundry room in the lower residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,678
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,673,560
$2.7M
Cap Rate 7%
$1,909,686
$1.9M
Cap Rate 9%
$1,485,311
$1.5M
Market Conditions
NOI Build-Up for 3,817 SF
Gross rent
$194.7K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$191.0K $50.03/SF
− OpEx
−$57.3K −$15.01/SF
NOI
$133.7K $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%
$2,673,560
Cap Rate 7%
$1,909,686
Cap Rate 9%
$1,485,311
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.23M
NOI $133,678 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$1.66M
$1.46M – $1.94M
NOI $116,529 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$3.16M
$2.77M – $3.69M
NOI $221,233 @ 7.0% cap · market cap 11.06%
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
3,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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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 - Semi-attached two-family property with separate laundry rooms, private outdoor areas, and vacant delivery.
Where is this duplex located?
The property is located at 212 Avenue M Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,500.
What are key features of this property?
This property features: Two residential apartments with three bedrooms and 1.5 bathrooms each; Lower apartment includes a recreation room and additional half bathroom; Updated kitchen and dedicated laundry room in the lower residence
