Renovated Corner
902 E 12th Street, Brooklyn, NY 11230
For Sale
New
$2,350,000
Residential, Brooklyn, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$903.85
Days on Market2
Property Features for 902 E 12th Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
laundry facilities
outdoor yard space
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Real Broker NY LLC
Listed By:
Ichok Landau
(718) 256-4000
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 505965
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.
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Investment Insights
Based on property information with market context.
At 902 E 12th Street in Brooklyn, this renovated, three-family property contains 2,600 square feet. The first-floor apartment has four bedrooms, 1.5 bathrooms, a kitchen, dining area, and laundry facilities. Two additional one-bedroom apartments, each with a full bathroom, occupy the second floor. The basement has high ceilings and a separate entrance; the property also includes a rear garage and outdoor yard space.
Built in 1925, the building sits on a 0.0467-acre corner lot and is zoned R5. Interior finishes include hardwood and ceramic flooring, and listed features include central air, an A/C unit, a refrigerator, and a stove.
Built in 1925, the building sits on a 0.0467-acre corner lot and is zoned R5. Interior finishes include hardwood and ceramic flooring, and listed features include central air, an A/C unit, a refrigerator, and a stove.
Key Highlights
- Three‑family property with 2,600 square feet of building area
- First‑floor apartment has four bedrooms and 1.5 bathrooms
- Two second‑floor apartments, each with one bedroom and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,056
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,120
$1.8M
Cap Rate 7%
$1,300,800
$1.3M
Cap Rate 9%
$1,011,733
$1.0M
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$132.6K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$130.1K $50.03/SF
− OpEx
−$39.0K −$15.01/SF
NOI
$91.1K $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%
$1,821,120
Cap Rate 7%
$1,300,800
Cap Rate 9%
$1,011,733
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,056 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,375 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,512
Businesses Nearby
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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
$863,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments, a rear garage, and a separate-entry basement provide a varied residential configuration.
Where is this triplex located?
The property is located at 902 E 12th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Three‑family property with 2,600 square feet of building area; First‑floor apartment has four bedrooms and 1.5 bathrooms; Two second‑floor apartments, each with one bedroom and a full bathroom
