Spacious Detached Brick Four-Family
For Sale
$2,199,000
Pending
3514 12th Ave, Brooklyn, NY 11218
Large, well-maintained four-family home in desirable Brooklyn location.
Property Size3,200 SF
Lot Size0.05 Acres
Days on Market202
Property Features for 3514 12th Ave
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$18,899
Building Details
Building Size
3,200 SF
Year Built
1931
Stories
2
Listing Agency:
Remax Real Estate Professionals
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Elliman
Added: Mar 24
Changed: Oct 10
Last Checked: Oct 11 at 8:28AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,069
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,241,380
$2.2M
Cap Rate 7%
$1,600,986
$1.6M
Cap Rate 9%
$1,245,211
$1.2M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$163.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.1K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,241,380
Cap Rate 7%
$1,600,986
Cap Rate 9%
$1,245,211
Alternative Uses
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
