3-Unit Brick
New
For Sale
$1,558,000
864 E 12th Street, Brooklyn, NY 11230
Residential, Duplex, Brooklyn, NY
Property Size2,832 SF
Lot Size0.05 Acres
Price / SF$550.14
Days on Market2
Property Features for 864 E 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Patio and Porch features
Patio, Porch
Interior features
Patio Garden, Porch, Terrace
Subdivision
Midwood
Standard status
Active
Size
2,832 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11350
Amenities
private patio
private balcony
backyard
private garage
driveway
Building Details
Year built
1955
Floors in Building
2
Number of units
3
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 9 at 2:06PM
MLS# 505186
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick triplex contains 2,832 square feet across three levels and was built in 1955. Its three vacant residences have updated interiors and hardwood floors. The top-floor layout includes two bedrooms, one bathroom, a living area, and a patio. On the middle level, two bedrooms and one bathroom accompany a living area and balcony. The first-floor residence has one bedroom, one bathroom, and backyard access. A private garage and driveway serve the property; zoning is R5.
The home is in Brooklyn, near public transportation, shopping, schools, parks, restaurants, and houses of worship. The lot measures 0.0459 acres.
The home is in Brooklyn, near public transportation, shopping, schools, parks, restaurants, and houses of worship. The lot measures 0.0459 acres.
Key Highlights
- Three vacant residences in a 2,832‑square‑foot triplex
- R5 zoning; 0.0459‑acre lot
- Built in 1955 with brick construction and hardwood floors
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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Open Analytics
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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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?
Triplex - Vacant residences have distinct layouts, outdoor areas, a private garage, and a driveway.
Where is this triplex located?
The property is located at 864 E 12th Street 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 vacant residences in a 2,832‑square‑foot triplex; R5 zoning; 0.0459‑acre lot; Built in 1955 with brick construction and hardwood floors
