Brick Duplex with Garden
For Sale
$1,999,500
212 Ave M, Brooklyn, NY 11230
Residential Income, Brooklyn, NY
Property Size3,817 SF
Lot Size0.06 Acres
Price / SF$523.84
Days on Market8
Property Features for 212 Ave M
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
7
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 1, Bathroom 6, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 2
Interior features
Entrance Foyer
Subdivision
Midwood
Standard status
Active
APN
6565/04
Size
3,817 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1034
Utilities
Heating system
Baseboard, Natural Gas
Amenities
private balcony
private garage
driveway
front porch
rear porch
backyard
dedicated laundry room
recreation room
Building Details
Year built
1960
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
TREE OF LIFE REALTY & MANAGEMENT LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 21 at 6:06PM
MLS# 11979691
Copyright © 2026 My State MLS. 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 3,817-square-foot brick residential property contains two principal apartments along with a separate one-bedroom garden-level apartment with a full bathroom and washer and dryer area. The first apartment includes three bedrooms, 1.5 bathrooms, an updated kitchen, dedicated laundry, and a recreation room with an additional half bathroom. The upper apartment also provides three bedrooms and 1.5 bathrooms, along with a living room, private balcony, dining area, kitchen, and laundry room.
Exterior amenities include a private garage, driveway, front and rear porches, and a backyard. Interior finishes include hardwood flooring, an entrance foyer, and baseboard heating powered by natural gas. The property may be delivered vacant and is located near subway and bus service, supermarkets, schools, and parks.
Exterior amenities include a private garage, driveway, front and rear porches, and a backyard. Interior finishes include hardwood flooring, an entrance foyer, and baseboard heating powered by natural gas. The property may be delivered vacant and is located near subway and bus service, supermarkets, schools, and parks.
Key Highlights
- 3,817‑square‑foot brick property on a 0.0574‑acre lot
- Two principal apartments plus a separate one‑bedroom garden apartment
- First apartment includes three bedrooms, 1.5 bathrooms, recreation room, updated kitchen, and dedicated laundry
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
3
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
Check the figures for this property
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 main apartments and a separate garden unit offer flexible residential income configuration with private outdoor features.
Where is this duplex located?
The property is located at 212 Ave 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: 3,817‑square‑foot brick property on a 0.0574‑acre lot; Two principal apartments plus a separate one‑bedroom garden apartment; First apartment includes three bedrooms, 1.5 bathrooms, recreation room, updated kitchen, and dedicated laundry
