Two-Family Brick
For Sale
$1,798,000
7404 12th Ave, Brooklyn, NY 11228
The attached residence has five bedrooms, two bathrooms, and a finished basement for additional usable space.
Property Size2,926 SF
Lot Size0.05 Acres
Days on Market9
Property Features for 7404 12th Ave
General Information
Standard status
Active
Size
2,926 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,006
Building Details
Building Size
2,926 SF
Year Built
1930
Buildings
1
Stories
2
Construction
solid brick
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Oct 2
Changed: Oct 8
Last Checked: Oct 7 at 12:55PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This attached, two-family brick residence was built in 1930 and contains five bedrooms and two bathrooms. The building measures 20 × 53 feet on a 20 × 100-foot lot, with a full finished basement and community driveway access.
The property is at 7404 12th Ave in Brooklyn. Shopping, restaurants, schools, parks, and public transportation are nearby. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
The property is at 7404 12th Ave in Brooklyn. Shopping, restaurants, schools, parks, and public transportation are nearby. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
Key Highlights
- Attached two‑family brick residence
- 20 × 53‑foot building on a 20 × 100‑foot lot
- Five bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,473
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,049,460
$2.0M
Cap Rate 7%
$1,463,900
$1.5M
Cap Rate 9%
$1,138,589
$1.1M
Market Conditions
NOI Build-Up for 2,926 SF
Gross rent
$149.2K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$146.4K $50.03/SF
− OpEx
−$43.9K −$15.01/SF
NOI
$102.5K $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%
$2,049,460
Cap Rate 7%
$1,463,900
Cap Rate 9%
$1,138,589
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.71M
NOI $102,473 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,328 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,591 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The attached residence has five bedrooms, two bathrooms, and a finished basement for additional usable space.
Where is this duplex located?
The property is located at 7404 12th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Attached two‑family brick residence; 20 × 53‑foot building on a 20 × 100‑foot lot; Five bedrooms and two bathrooms
