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    Spacious Two-Family Residence in Brooklyn Title is generated by Realmo AI

    2440 E 12th Street, Brooklyn, NY 11235

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    Claim this Listing
    For Sale
    $1,619,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,168 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $511/SF
    Added:
    May 1, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 17 at 4:06 am

    Property Features for 2440 E 12th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R4
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 5, Bathroom 4, Bedroom 4
    Interior features
    Central Air - Split, Refrigerator, Stove
    Basement
    Finished, Full
    Standard status
    Active
    Size
    3,168 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10664

    Building Details

    Year built
    2015
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Hardwood

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    Listing Contact
    Victor Li
    Victor Li

    Listing agent Victor Li

    Listing office Amerihomes Realty of NY, Inc 593 Midland Ave, Staten Island, NY

    Listing date May 1, 2026

    MLS# 501053 Listing URL

    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.

    HighLights

    • Fully detached two‑family home built in 2015 with a 30x100 lot and a 22x47 footprint
    • Three tankless water heaters plus abundant storage throughout
    • Upper level features 2 bedrooms and 2 full bathrooms, with a fully finished attic including an extra room
    • First floor offers a 2‑bedroom, 2‑bathroom layout
    • Lower level is fully finished with a private side entrance and a full bathroom
    • Includes 2 private parking spaces and a deep, fully usable backyard

    Overview

    Located in Sheepshead Bay, this detached two-family residence offers scale and flexibility. Constructed in 2015, the property is situated on a 30 by 100 foot lot with a 22 by 47 foot footprint. The upper level serves as a primary residence, featuring two bedrooms, two full bathrooms, and a finished attic with an extra room. A double-height living space connects to the dining area and kitchen. The first floor has a two-bedroom, two-bathroom layout suitable for rental income or extended family. The finished lower level, with a private side entrance and full bathroom, provides additional space for recreation or workspace. The property includes three tankless water heaters, storage, two private parking spaces, and a backyard. The configuration allows for multiple income streams. The property is located near shopping, dining, and the Q and B trains. The property size is 3168 square feet.

    Local Financial Insights For Multifamily LT 5

    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 $161.6k $51.00
    − Vacancy −$3.1k −$0.97
    EGI $158.5k $50.03
    − OpEx −$47.5k −$15.01
    NOI $110.9k $35.02
    3,168 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.58M
    $1.39M – $1.85M (±1% cap)
    NOI $110,949 @ 7.0% cap · market cap 6.85%
    Second Best
    Apartment 5plus
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,716 @ 7.0% cap · market cap 5.97%
    Theoretical Best
    Specialty Retail
    $2.62M
    $2.30M – $3.06M (±1% cap)
    NOI $183,617 @ 7.0% cap · market cap 11.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.959068
    Latitude
    40.59071

    FAQs

    What type of property is this?
    Duplex - Two-family home in Sheepshead Bay with income potential.
    Where is this duplex located?
    The property is located at 2440 E 12th Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,619,000.
    What are key features of this property?
    This property features: Fully detached two‑family home built in 2015 with a 30x100 lot and a 22x47 footprint; Three tankless water heaters plus abundant storage throughout; Upper level features 2 bedrooms and 2 full bathrooms, with a fully finished attic including an extra room
    More about this property
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