Building Details

Year built 1910

Floors in Building 3

Flooring type Tile, Hardwood

Building materials Wood Frame

Listing Agency: Tiger Realty

Listed By: Hang (Tyler) Chen · License #HC3855 Show Phone

Added: Oct 14 Last Checked: Oct 16 at 12:06AM

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MLS# 505334

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Investment Insights

Based on property information with market context.

This detached two-family residence contains 4,216 square feet on a 0.2296-acre parcel. The building measures 29 by 35 feet, and the lot measures 100 by 100 feet. A private driveway and garage provide on-site parking. Interior details include tile and hardwood flooring, along with a refrigerator and stove. The building dates to 1910 and is zoned R3X.

The property is at 8506 12th Avenue in Brooklyn, near shopping, dining, schools, and public transportation.

Key Highlights

• Detached two‑family residence
• 0.2296‑acre parcel measuring 100 by 100 feet
• 4,216‑square‑foot property; building measures 29 by 35 feet

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

Is this asking price fair?

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 (±1% cap)

NOI $147,651 @ 7.0% cap · market cap 4.10%

Second Best

Apartment 5plus

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,710 @ 7.0% cap · market cap 3.58%

Theoretical Best

Specialty Retail

$3.49M

$3.05M – $4.07M (±1% cap)

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

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Nursing Home Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - The residence includes a private driveway and garage for on-site parking.

Where is this duplex located?

The property is located at 8506 12th Avenue 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; 0.2296‑acre parcel measuring 100 by 100 feet; 4,216‑square‑foot property; building measures 29 by 35 feet