Detached Brick Three-Family
3553 12th Ave Brooklyn, NY 11218
3553 12th Ave, Brooklyn, NY, 11218
$2,250,000
Pending
For Sale
$2,250,000
Pending
Legal three-family property with private driveway, garage, fenced backyard, and a finished basement with separate entrance.
Property Size3,000 SF
Lot Size0.07 Acres
Days on Market86
Property Features for 3553 12th Ave
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
Andrew J Markowitz Real Estate, LLC
(646) 688-5009
Listed by
Andrew Markowitz SFR
(646) 688-5009
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 2:42AM Checked: Jul 21 at 5:16AM
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 Andrew J Markowitz Real Estate, LLC
Investment Insights
Based on property information with market context.
Fully detached brick three-family home built in 1920, presented in well-maintained condition. The layout includes a first-floor convertible three-bedroom apartment currently used as a three-bedroom, and a second floor with two bright one-bedroom apartments. A finished basement adds substantial flexible space, featuring a separate entrance, a studio-style configuration, an eat-in kitchen, washer and dryer, and ample storage closets. The basement layout also appears adaptable for a one-bedroom configuration.
The home sits on a 34.67 ft x 90 ft lot and includes a private driveway, a large garage, and a fenced backyard for off-street parking. The property is located in an R5-zoned residential neighborhood with convenient access to transit and neighborhood amenities, and is described as minutes from Prospect Park. Commuting options referenced in the materials include nearby subway lines at Church Avenue (F and G) and Fort Hamilton Parkway (D).
Utility setup includes three gas meters and three electric meters, supporting separate service management across the multi-unit configuration.
The home sits on a 34.67 ft x 90 ft lot and includes a private driveway, a large garage, and a fenced backyard for off-street parking. The property is located in an R5-zoned residential neighborhood with convenient access to transit and neighborhood amenities, and is described as minutes from Prospect Park. Commuting options referenced in the materials include nearby subway lines at Church Avenue (F and G) and Fort Hamilton Parkway (D).
Utility setup includes three gas meters and three electric meters, supporting separate service management across the multi-unit configuration.
Key Highlights
- Legal three‑family brick home built in 1920 with approx. 3,000 SF interior space
- 34.67 ft x 90 ft lot (3,120 SF) with private driveway, large garage, and fenced backyard
- Finished basement with separate entrance, currently set up as a studio‑style space with eat‑in kitchen, washer/dryer, and storage closets
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 | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family property with private driveway, garage, fenced backyard, and a finished basement with separate entrance.
Where is this triplex located?
The property is located at 3553 12th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Legal three‑family brick home built in 1920 with approx. 3,000 SF interior space; 34.67 ft x 90 ft lot (3,120 SF) with private driveway, large garage, and fenced backyard; Finished basement with separate entrance, currently set up as a studio‑style space with eat‑in kitchen, washer/dryer, and storage closets
