Brick Duplex with Private
For Sale
$1,999,500
212 Avenue M, Brooklyn, NY 11230
Residential, Brooklyn, NY
Property Size3,817 SF
Lot Size0.05 Acres
Price / SF$523.84
Days on Market8
Property Features for 212 Avenue M
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B9
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
A/C Unit, A/C Unit - Wall, Dishwasher, Garage Door Opener(s), Laundry Area, Patio Garden, Terrace
Basement
Finished
Subdivision
Midwood
Standard status
Active
Size
3,817 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10461
Amenities
front porch
rear porch
backyard
private balcony
dedicated laundry room
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 21 at 7:06PM
MLS# 504545
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 1960 brick duplex contains 3,817 square feet on a 0.0528-acre lot and can be delivered vacant. The lower residence is a duplex apartment with three bedrooms, 1.5 bathrooms, an updated kitchen, dedicated laundry room, recreation room, and additional half bathroom. The upper apartment includes three bedrooms, 1.5 bathrooms, a living room, private balcony, open dining and kitchen area, and its own laundry room.
The property includes a private garage, driveway, front and rear porches, backyard, patio garden, terrace, hardwood flooring, wall and unit air-conditioning, dishwasher, and garage door opener. Located on Avenue M in Brooklyn, the home is near subway and bus service, supermarkets, schools, and parks. B9 zoning is reported for the property.
The property includes a private garage, driveway, front and rear porches, backyard, patio garden, terrace, hardwood flooring, wall and unit air-conditioning, dishwasher, and garage door opener. Located on Avenue M in Brooklyn, the home is near subway and bus service, supermarkets, schools, and parks. B9 zoning is reported for the property.
Key Highlights
- Two‑family brick property with 3,817 square feet of building area
- Lower duplex apartment with three bedrooms, 1.5 bathrooms, recreation room, and updated kitchen
- Upper apartment includes three bedrooms, 1.5 bathrooms, private balcony, and open kitchen‑dining area
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
$133,678
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
6.69%
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%
$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
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
$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 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%
$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
Multi-tenant
Tenancy
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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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 residence with vacant delivery, separate laundry areas, and multiple outdoor spaces.
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‑family brick property with 3,817 square feet of building area; Lower duplex apartment with three bedrooms, 1.5 bathrooms, recreation room, and updated kitchen; Upper apartment includes three bedrooms, 1.5 bathrooms, private balcony, and open kitchen‑dining area
