Two-Family Duplex with
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 Market54
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 1, Bathroom 3, Bathroom 2
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 and rear porches
backyard
private front balcony
hallway skylight
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
Buildings
1
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Sep 14
Changed: Oct 29
Last Checked: Nov 6 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This 1960 brick, semi-attached duplex contains 3,817 square feet on a 0.0528-acre lot. The first-floor residence spans two levels and includes three bedrooms, 1.5 bathrooms, an updated kitchen, laundry area, and a ground-floor recreation room with an additional half bathroom. The second-floor apartment has three bedrooms, 1.5 bathrooms, laundry, an open kitchen and dining area, and a living room opening to a front balcony. A skylight brightens the hallway, and a basement room has its own entrance. The property also includes a private garage, driveway, porches, and backyard. Vacant delivery is available.
Subways, buses, shopping, schools, and parks are nearby. Zoning is B9.
Subways, buses, shopping, schools, and parks are nearby. Zoning is B9.
Key Highlights
- Two residential units, each with three bedrooms and 1.5 bathrooms
- 3,817 square feet on a 0.0528‑acre lot
- Second‑floor apartment renovated; includes an open kitchen and dining area and front balcony
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,827
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer three-bedroom layouts, laundry areas, and 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 residential units, each with three bedrooms and 1.5 bathrooms; 3,817 square feet on a 0.0528‑acre lot; Second‑floor apartment renovated; includes an open kitchen and dining area and front balcony
