1763 E 12th St Brooklyn, NY 11229
Homecrest NeighborhoodEstimated payment $34,343/month
Highlights
- Wood Flooring
- 5-minute walk to Kings Highway (B,Q Line)
- Back Yard
- Jhs 234 Arthur W Cunningham Rated A-
- Hot Water Heating System
About This Home
Exceptional investment and development opportunity in prime Midwood! 1761 & 1763 E 12th St are offered together as a package deal. Zoned R7A Exceptional 60 × 117 ft (approx. 7,020 sq ft) Combined lots with approx. 28,000 buildable square feet — perfect for luxury condos or mixed-use development. Currently generating about $185,000 in annual rent, with the option to deliver vacant at closing. Convenient location close to Kings Highway shopping corridor, F train station, schools, and local amenities. A rare chance to secure a high-yield property with outstanding growth potential in one of Brooklyn’s most desirable neighborhoods.
Property Details
Property Type
- Other
Est. Annual Taxes
- $47,454
Year Built
- Built in 1910
Lot Details
- 3,538 Sq Ft Lot
- Lot Dimensions are 117 x 30
- Back Yard
- Property is zoned R7A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,520 Sq Ft Home
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Fuel Expense $5,751
- Insurance Expense $5,852
- Gross Income $92,160
Listing and Financial Details
- Tax Block 6795
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,395 | $98,520 | $28,560 | $69,960 |
| 2024 | $11,395 | $88,080 | $28,560 | $59,520 |
| 2023 | $10,996 | $85,800 | $28,560 | $57,240 |
| 2022 | $10,809 | $71,520 | $28,560 | $42,960 |
| 2021 | $11,101 | $64,320 | $28,560 | $35,760 |
| 2020 | $7,894 | $78,780 | $28,560 | $50,220 |
| 2019 | $9,890 | $78,780 | $28,560 | $50,220 |
| 2018 | $9,198 | $45,120 | $19,632 | $25,488 |
| 2017 | $9,198 | $45,120 | $21,056 | $24,064 |
| 2016 | $8,788 | $43,959 | $24,617 | $19,342 |
| 2015 | $4,914 | $41,761 | $28,077 | $13,684 |
| 2014 | $4,914 | $39,398 | $25,342 | $14,056 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $5,800,000 | -- | $2,302 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,240,000 | -- | |
| Deed | $2,240,000 | -- | |
| Deed | $2,240,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $840,000 | -- | |
| Deed | $840,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 497444
APN: 06795-0070
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