2069 E 12th St Brooklyn, NY 11229
Homecrest NeighborhoodEstimated payment $21,927/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/10/2025 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®
MLS Number: 487254
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Ask me questions while you tour the home.