$3,440,000

2069 E 12th St Brooklyn, NY 11229

Homecrest Neighborhood

Estimated payment $21,478/month

Total Views 9,391
28 Beds
20 Baths
18,720 Sq Ft
$184 Price per Sq Ft

Highlights

  • Wood Flooring
  • 5-minute walk to Avenue U (Q Line)
  • Bike Room
  • Jhs 234 Arthur W Cunningham Rated A-
  • Terrace
  • Porch

About This Home

Mint condition 19 unit apartment building on East 12th Street between Ave T and Ave U in prime Homecrest area. The Property has 60 feet of frontage on E 12th Street and is built 60 feet by 78 feet on a 60 foot by 105 foot R5/C1-3 lot. The Property has 4 floors and comprised of ten one-bedroom and nine two bedroom apartments with Gross Operating Income of $349,834 and Net Operating Income of $210,000 annually. The Property offers an investor an exceptional opportunity to own a building in the one of most convinient and growing neighborhoods in South Brooklyn. In general, this section of Homecrest is in constantly high demand by apartment tenants this has resulted in a low supply of available rental apartments and reliable value preservation

Listing Agent

Aliaksei 'Alex' Palaukou

A P Services Inc Listed on: 11/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,462

Lot Details

  • 6,240 Sq Ft Lot
  • Lot Dimensions are 105 x 60
  • Garden
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 18,720 Sq Ft Home
  • 4-Story Property
  • Window Treatments
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 28 Bedrooms

Outdoor Features

  • Terrace
  • Porch

Utilities

  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Oil
  • 220 Volts
  • 110 Volts
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 7316

Community Details

Amenities

  • Laundry Facilities
  • Secure Lobby
  • Bike Room

Building Details

  • Fuel Expense $47,462
  • Insurance Expense $18,501
  • Utility Expense $3,685
  • Gross Income $349,834
  • Net Operating Income $220,550

Additional Features

  • 19 Units
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,462

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 78.00
  • Building Width: 60.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave U
  • Cross Street Name2: Ave T
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Number Of Families: 19
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Alarm, Laundry Area, Patio Garden, Porch, Refrigerator, Stove, Terrace, Window Treatments, Other
  • Fill Sq Ft Total: 18720
  • Building Stories: 4
  • Street Name I D X: 12th
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 19
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 28
  • Flooring: Concrete, Hardwood, Tile, Other
  • Lot Sq Ft: 6240

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Block, Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 50
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V, 220 V
  • Heating Fuel: Oil
  • Hot Water: Oil

Fee Information

  • Annual Fuel Expense: 47462.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 105
  • Lot Size Width: 60
  • Zoning: C1-3/R5

Multi Family

  • Annual Gross Expense: 129284.00
  • Annual Gross Income: 349834
  • Insurance Expense: 18501.00
  • Property Net Operating Income: 220550.00
  • Annual Utility Expenses: 3685.00

Tax Info

  • Flip Tax Amount: 41462.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2025 06/10/25 Price Changed $3,440,000 -11.8% $184 / Sq Ft
02/04/2025 02/04/25 Price Changed $3,900,000 -1.3% $208 / Sq Ft
12/14/2024 12/14/24 Price Changed $3,950,000 -6.0% $211 / Sq Ft
11/05/2024 11/05/24 For Sale $4,200,000 -- $224 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 487254

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11223 Homecrest

2069 E 12th St, Brooklyn, NY

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Aliaksei 'Alex' Palaukou
Section Image
A P Services Inc
(929) 284-2593