Corner 4-Unit
For Sale
$1,300,000
Pending
2686 E 12th St, Brooklyn, NY 11235
Vacant four-unit property with mixed one- and two-bedroom apartments and private parking.
Property Size3,500 SF
Lot Size0.08 Acres
Days on Market166
Property Features for 2686 E 12th St
General Information
Standard status
Pending
Size
3,500 SF
Total Parking Spaces
5
Lot size
0.08 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Jay Zhang
(718) 748-7000
Source:
Statenislandhomelistings
Added: May 16
Changed: Oct 25
Last Checked: Oct 28 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1920, this corner quadplex comprises two separate two-family homes with approximately 3,500 square feet across four apartments. The unit mix includes two 2-bedroom residences and two 1-bedroom residences, providing a compact multifamily configuration with varied layouts. The property is delivered vacant and includes a private driveway with parking for up to five cars on an oversized 48' x 71' lot.
The property is located steps from the Belt Parkway and minutes from the B and Q subway lines. Shopping, dining, and everyday services are within walking distance, adding convenience for occupants. Its vacant delivery supports flexible planning for an owner-occupant or rental operation, subject to applicable requirements.
The property is located steps from the Belt Parkway and minutes from the B and Q subway lines. Shopping, dining, and everyday services are within walking distance, adding convenience for occupants. Its vacant delivery supports flexible planning for an owner-occupant or rental operation, subject to applicable requirements.
Key Highlights
- Four apartments: two 2‑bedroom units and two 1‑bedroom units
- Two separate 2‑family homes on an oversized 48' x 71' lot
- Approximately 3,500 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,851
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,020
$2.1M
Cap Rate 7%
$1,526,443
$1.5M
Cap Rate 9%
$1,187,233
$1.2M
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$198.2K $56.64/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$194.3K $55.51/SF
− OpEx
−$87.4K −$24.98/SF
NOI
$106.9K $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%
$2,137,020
Cap Rate 7%
$1,526,443
Cap Rate 9%
$1,187,233
Alternative Uses
Best Use
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,576 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $106,851 @ 7.0% cap · market cap 8.22%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,157
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - Vacant four-unit property with mixed one- and two-bedroom apartments and private parking.
Where is this quadplex located?
The property is located at 2686 E 12th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom units and two 1‑bedroom units; Two separate 2‑family homes on an oversized 48' x 71' lot; Approximately 3,500 square feet; built in 1920
