Detached Brick
For Sale
$1,599,000
2319 W 12th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size4,275 SF
Lot Size0.07 Acres
Price / SF$374.04
Days on Market413
Property Features for 2319 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
4,275 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10537
Amenities
private driveway
attached garage
high ceilings
fully finished basement
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Michelle J. Zhang
(718) 612-3088
Added: Sep 10, 2025
Changed: Oct 21
Last Checked: Oct 27 at 7:06AM
MLS# 495630
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 fully detached brick quadplex, built in 1930, contains 4275 square feet across four legal apartments. The first floor has a one-bedroom unit at the front and a two-bedroom unit at the rear; the second floor includes two additional two-bedroom apartments. The property also includes seven bedrooms, four bathrooms, high ceilings, hardwood and tile flooring, and a finished basement that provides additional interior space or storage.
The 0.0689-acre parcel measures 30x100, with a 19x75 building footprint. A private driveway accommodates multiple vehicles, complemented by an attached garage. The property is near the D and N subway lines, schools, parks, and the 86th Street shopping district in Brooklyn.
The 0.0689-acre parcel measures 30x100, with a 19x75 building footprint. A private driveway accommodates multiple vehicles, complemented by an attached garage. The property is near the D and N subway lines, schools, parks, and the 86th Street shopping district in Brooklyn.
Key Highlights
- Four legal apartments with a one‑bedroom and three two‑bedroom units
- 4275 square feet on a 0.0689‑acre parcel
- 30x100 lot with a 19x75 building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,511
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,220
$2.6M
Cap Rate 7%
$1,864,443
$1.9M
Cap Rate 9%
$1,450,122
$1.5M
Market Conditions
NOI Build-Up for 4,275 SF
Gross rent
$242.1K $56.64/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$237.3K $55.51/SF
− OpEx
−$106.8K −$24.98/SF
NOI
$130.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,220
Cap Rate 7%
$1,864,443
Cap Rate 9%
$1,450,122
Alternative Uses
Best Use
Multifamily LT 5
$2.14M
$1.87M – $2.50M
NOI $149,718 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$1.86M
$1.63M – $2.18M
NOI $130,511 @ 7.0% cap · market cap 8.16%
Theoretical Best
Specialty Retail
$3.54M
$3.10M – $4.13M
NOI $247,779 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,371
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family residence with private parking, attached garage, and finished basement.
Where is this quadplex located?
The property is located at 2319 W 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four legal apartments with a one‑bedroom and three two‑bedroom units; 4275 square feet on a 0.0689‑acre parcel; 30x100 lot with a 19x75 building footprint
