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    FOR SALE
    Commercial real estate

    1708 W 12Th St, Brooklyn, NY 11223

    Individually Owned 8-yr Hold
    Property ID
    US63-5317134
    1708 W 12Th St, Brooklyn, NY 11223 For Sale
    $1,990,000
    1708 W 12Th St, Brooklyn, NY 11223
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a solid brick, semi-detached four-family home located in the desirable Gravesend/Bensonhurst neighborhood of Brooklyn, NY. The property, situated at 1708 W 12th St, boasts four two-bedroom units, each with its own separate entrance. A full finished basement adds further value and potential. The building sits on a 2,500 square foot lot and is zoned R4-1. Its convenient location offers easy access to Kings Highway and Bay Parkway, providing excellent proximity to public transportation and a wealth of shopping options. Priced at $1,990,000 ($497,500 per unit), this two-story building represents a compelling opportunity for both investors seeking a strong return and owner-users looking for a multi-family property in a prime Brooklyn location. The property is being offered as a 1031 exchange opportunity. Don't miss this chance to acquire a prized piece of real estate in one of Brooklyn's most sought-after neighborhoods. This is a perfect property for investors or those seeking an owner-occupied multifamily home.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-5317134
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Claudio Pizzirusso · 8 yrs held
    Claudio Pizzirusso
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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