Gravesend Four-Family Brick
2319 W 12th Street Brooklyn, NY 11223
For Sale
$1,599,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,275 SF
Lot Size0.07 Acres
Price / SF$374.04
Days on Market321
Property Features for 2319 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Rooms
Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 6
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Finished
Standard status
Active
Size
4,275 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10537
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Sep 10, 2025
Changed: May 14
Last Checked: Jul 27 at 12:06PM
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.
Investment Insights
Based on property information with market context.
Located in the Gravesend neighborhood, this detached, legal four-family brick home is situated on a 30x100 lot. The building measures 19x75 and features a private driveway with parking for multiple cars, plus an attached garage. The property includes high ceilings and a functional layout. The first floor contains a one-bedroom apartment at the front and a two-bedroom apartment at the rear. The second floor mirrors this arrangement with another two-bedroom front and two-bedroom rear unit. A finished basement provides additional space or storage. The property is near the D and N subway lines, schools, parks, and the 86th Street shopping district. The property is suitable as a high cash-flow investment or a residence for extended family. The property size is 4,275 square feet, and the lot size is 0.0689 acres.
Key Highlights
- Legal four‑family detached brick home in prime Gravesend location.
- Private driveway with parking for multiple cars plus attached garage.
- High cash‑flow investment opportunity or spacious residence for extended family.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $242.1k | $56.64 |
| − Vacancy | −$4.8k | −$1.13 |
| EGI | $237.3k | $55.51 |
| − OpEx | −$106.8k | −$24.98 |
| NOI | $130.5k | $30.53 |
4,275 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Legal four-family home in prime Gravesend location.
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: Legal four‑family detached brick home in prime Gravesend location.; Private driveway with parking for multiple cars plus attached garage.; **High cash‑flow investment opportunity** or spacious residence for extended family.
