Detached Two-Family
New
For Sale
$3,600,000
8506 12th Ave, Brooklyn, NY 11228
A private driveway and garage accompany substantial outdoor space.
Property Size4,216 SF
Lot Size0.23 Acres
Days on Market3
Property Features for 8506 12th Ave
General Information
Standard status
Active
Size
4,216 SF
Lot size
0.23 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$19,813
Building Details
Building Size
4,216 SF
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:04PM
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
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Investment Insights
Based on property information with market context.
This detached two-family duplex sits on a 100×100 lot. The building measures 29×35, and the property includes a private driveway and garage. Built in 1910, it also offers outdoor area around the residence.
The home is at 8506 12th Ave in Brooklyn’s Dyker Heights neighborhood, near shopping, dining, schools, and public transportation. Its reported walkScore is 92, transitScore is 80, and bikeScore is 55.
The home is at 8506 12th Ave in Brooklyn’s Dyker Heights neighborhood, near shopping, dining, schools, and public transportation. Its reported walkScore is 92, transitScore is 80, and bikeScore is 55.
Key Highlights
- Detached two‑family residence
- 100×100 lot with a 29×35 building
- Private driveway and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,651
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,953,020
$3.0M
Cap Rate 7%
$2,109,300
$2.1M
Cap Rate 9%
$1,640,567
$1.6M
Market Conditions
NOI Build-Up for 4,216 SF
Gross rent
$215.0K $51.00/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$210.9K $50.03/SF
− OpEx
−$63.3K −$15.01/SF
NOI
$147.7K $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%
$2,953,020
Cap Rate 7%
$2,109,300
Cap Rate 9%
$1,640,567
Alternative Uses
Best Use
Multifamily LT 5
$2.11M
$1.85M – $2.46M
NOI $147,651 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,710 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$3.49M
$3.05M – $4.07M
NOI $244,359 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,413
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A private driveway and garage accompany substantial outdoor space.
Where is this duplex located?
The property is located at 8506 12th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Detached two‑family residence; 100×100 lot with a 29×35 building; Private driveway and garage
