1763 E 12th St Brooklyn, NY 11229
Homecrest NeighborhoodEstimated payment $21,138/month
Highlights
- Wood Flooring
- 5-minute walk to Kings Highway (B,Q Line)
- Private Driveway
- Jhs 234 Arthur W Cunningham Rated A-
- Baseboard Heating
- Masonry wall
About This Home
Prime Midwood Development Opportunity – Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package, featuring R7A zoning and a combined lot size of 60’ × 117’ (approximately 7,020 SF). This is a rare opportunity for developers to acquire a substantial site in one of Brooklyn’s most desirable neighborhoods. The property is currently generating approximately $185,000 in annual rental income, allowing investors to benefit from immediate cash flow while planning future redevelopment and minimizing carrying costs. Potential to develop 50+ residential units, subject to zoning, approvals, and architectural review. Potential eligibility for Affordable Housing programs and applicable tax incentive programs, including opportunities that may qualify for 421-a/related replacement tax benefits, where applicable and subject to government requirements. Developers and buyers are strongly encouraged to consult their architect, zoning consultant, and legal professionals to verify buildable square footage, unit count, and eligibility for Affordable Housing and tax abatement programs.
Property Details
Property Type
- Other
Est. Annual Taxes
- $47,454
Lot Details
- 3,510 Sq Ft Lot
- Lot Dimensions are 117 x 30
- Masonry wall
- Back Yard
- Property is zoned R7A
Parking
- Private Driveway
Home Design
- Mixed Use
- Brick Exterior Construction
- Block Foundation
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 2-Story Property
Flooring
- Wood
- Carpet
- Ceramic Tile
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Cellar
Utilities
- Baseboard Heating
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Community Details
- Fuel Expense $5,751
- Insurance Expense $5,852
- Gross Income $1,105,920
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $12,078 | $96,660 | $28,560 | $68,100 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/08/2026 06/08/26 | For Sale | $3,200,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 502097
APN: 06795-0070
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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