Spacious Detached Brick Four-Family
3514 12th Ave, Brooklyn, NY 11218
Large, well-maintained four-family home in desirable Brooklyn location.
Type:Multi Family
Property size:
3,200 SFLot size:
0.05 AcresPrice / SF:
$687/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 21 at 8:15 am
Property Features for 3514 12th Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing agent Vito Angelo License #BEA5721
Listing office Remax Real Estate Professionals (718) 532-2000
Listing date Mar 24, 2026
Source Elliman
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 Remax Real Estate Professionals
HighLights
- Extra‑large, fully detached 4‑family brick home (3200 sq ft, 21x78 house size).
- Delivered vacant, suitable for investors, end‑users, builders, and developers.
- Full finished basement with separate front entrance.
- Excellent condition and well‑maintained.
- Desirable Boro‑Park/Kensington location.
- Proximity to transportation, shopping, schools, and houses of worship.
Overview
This is a large, fully detached, 100% brick four-family home, sized 21x78 with 3200 square feet. The property is in excellent condition and includes a full finished basement with a separate front entrance and a shared driveway. It is situated in a desirable location in Boro-Park/Kensington, surrounded by transportation, shopping, schools, and houses of worship. The property is suitable for investors, end-users, builders, and developers and can be delivered vacant.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.25M
NOI $112,069 @ 9.00% cap · cautious / downside scenario
Moderate
$1.60M
NOI $112,069 @ 7.00% cap · market / base-case scenario
Aggressive
$2.24M
NOI $112,069 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.1k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.1k | $35.02 |
3,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.985035
- Latitude
- 40.644452
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Large, well-maintained four-family home in desirable Brooklyn location.
Where is this quadplex located?
The property is located at 3514 12th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Extra‑large, fully detached 4‑family brick home (3200 sq ft, 21x78 house size).; Delivered vacant, suitable for investors, end‑users, builders, and developers.; Full finished basement with separate front entrance.
