Brick Mixed-Use Income
4303 12th Avenue Brooklyn, NY 11219
4303 12th Avenue, Brooklyn, NY, 11219
$1,899,000
For Sale
$1,899,000
Solid brick 6-unit building with a storefront and five apartments plus a full basement.
Property Size4,250 SF
Lot Size0.05 Acres
Price / SF$446.82
Days on Market53
Property Features for 4303 12th Avenue
General Information
- Standard status
- Active
- Size
- 4,250 SF
- Lot size
- 0.05 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing agency
Harvey Heino Realty Corp.
(718) 934-2900
Listed by
Lazer Endzweig · License #enoer745
(718) 934-2900
Source
Compass
Added: May 31 Updated: Jul 21 at 2:59PM Checked: Jul 21 at 2:59PM
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 Harvey Heino Realty Corp.
Investment Insights
Based on property information with market context.
This solid brick mixed-use income building contains six total units, including one storefront and five apartments. The property is described as a 20-foot by 75-foot building, situated on a 20-foot by 100-foot lot. The offering includes a full basement with windows in every room.
The building is located in the heart of Borough Park. It is currently occupied month-to-month, with no existing leases in place, and is identified as R6 zoning.
Per the provided information, gross income is approximately $95,000. The property is being offered for sale and is ready for follow-up inquiries for additional details.
The building is located in the heart of Borough Park. It is currently occupied month-to-month, with no existing leases in place, and is identified as R6 zoning.
Per the provided information, gross income is approximately $95,000. The property is being offered for sale and is ready for follow-up inquiries for additional details.
Key Highlights
- Solid brick 6‑unit building with a storefront and five apartments
- R6 zoning; located in the heart of Borough Park
- Year built: 1930; construction of brick with poured concrete foundation
Local Financial Insights For Apartment 5plus
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 | $209.1k | $49.20 |
| − Vacancy | −$8.8k | −$2.07 |
| EGI | $200.3k | $47.13 |
| − OpEx | −$90.1k | −$21.21 |
| NOI | $110.2k | $25.92 |
4,250 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,175 @ 7.0% cap · market cap 5.80%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,464 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$2.76M
$2.41M – $3.21M
NOI $192,862 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MaBell Collections
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Solid brick 6-unit building with a storefront and five apartments plus a full basement.
Where is this apartment building located?
The property is located at 4303 12th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Solid brick 6‑unit building with a storefront and five apartments; R6 zoning; located in the heart of Borough Park; Year built: 1930; construction of brick with poured concrete foundation
