3-Unit Triplex with Private
New
For Sale
$1,558,000
864 E 12th St, Brooklyn, NY 11230
Vacant three-floor property with updated interiors, outdoor areas, and a private garage and driveway.
Property Size2,832 SF
Days on Market3
Property Features for 864 E 12th St
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,350
Amenities
hardwood floors
updated interiors
private patio
private balcony
backyard
private garage
driveway
Building Details
Building Size
2,832 SF
Year Built
1955
Buildings
1
Stories
2
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:47AM
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 Tree of Life Realty & Mgmt LLC
Investment Insights
Based on property information with market context.
Built in 1955, this triplex contains three residences arranged across three floors. The upper apartment has two bedrooms, one full bathroom, a living area, and a patio; the middle apartment offers two bedrooms, one full bathroom, a living area, and a balcony. The ground-floor apartment has one bedroom, one bathroom, and backyard access. Hardwood floors and updated interiors are featured throughout, and the property includes a private garage and driveway. All three residences are vacant.
The property is at 864 E 12th St in Brooklyn. Public transportation, shopping, schools, parks, restaurants, and houses of worship are nearby. The reported Walk Score is 93, Transit Score is 93, and Bike Score is 68.
The property is at 864 E 12th St in Brooklyn. Public transportation, shopping, schools, parks, restaurants, and houses of worship are nearby. The reported Walk Score is 93, Transit Score is 93, and Bike Score is 68.
Key Highlights
- Three residences: two 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit
- Upper residence includes a private patio; middle residence has a private balcony
- Ground‑floor unit provides direct backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,181
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,620
$2.0M
Cap Rate 7%
$1,416,871
$1.4M
Cap Rate 9%
$1,102,011
$1.1M
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$144.4K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$141.7K $50.03/SF
− OpEx
−$42.5K −$15.01/SF
NOI
$99.2K $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%
$1,983,620
Cap Rate 7%
$1,416,871
Cap Rate 9%
$1,102,011
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,181 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,458 @ 7.0% cap · market cap 5.55%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.74M
NOI $164,143 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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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?
Triplex - Vacant three-floor property with updated interiors, outdoor areas, and a private garage and driveway.
Where is this triplex located?
The property is located at 864 E 12th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,558,000.
What are key features of this property?
This property features: Three residences: two 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit; Upper residence includes a private patio; middle residence has a private balcony; Ground‑floor unit provides direct backyard access
