2069 East 12th Street

$3,950,000
Price
Beds
19
Baths
18,720 Sq. Ft.
$211 / Sq. Ft.
18,720
Sq. Ft.
$211
per Sq. Ft.

Description

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 $220,550 annually. The Property offers an investor an exceptional opportunity to own a building in the one...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 $220,550 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
  1. Listed by Aliaksei A. (Alex) Palaukou • A P Services Inc

Amenities

  • Walk Up
  • Laundry in Building
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/14/2024 01:50 PM

Property Details for 2069 East 12th Street

StatusActive
MLS ID487254
Days on Market47
Taxes$41,462 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeResidential
Year Built1927
Lot Size6,240 SF / 60' x 105'
CountyKings County

Building

2069 E 12th St

19 Units4 StoriesBuilt in 1927

Building Information for 2069 East 12th Street

Stories4Residences19Year Built1927Building Size60' x 78'Building Sq. Ft18,720 SFLot Size6,240 SF / 60' x 105'Building Age-Building Type-

Property Information for 2069 East 12th Street

Summary
Location and General Information
  • Block: 7316
  • Cross Street Name: Ave U
  • Cross Street Name: Ave T
  • Zoning: C1-3/R5
  • Roof: Asphalt/Tar, Flat
  • Residential Features: A/C Unit, Alarm, Laundry Area, Patio Garden, Porch, Refrigerator, Stove, Terrace, Window Treatments, Other
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 41462.0
  • Gross Expense: 129284.0
  • Gross Income: $349,834.00
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 18720
  • Yard: Back
  • Lot Number: 50
  • Lot Size Irregular YN: No
  • Lot Size Length: 105
  • Lot Size Width: 60
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Oil
  • AC Units: 5+
  • Hot Water: Oil
  • Utility Expense: 3685.0
  • Fuel Expense: 47462.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Baths Three Quarter: 1.0
  • Foundation Details: Poured Concrete
  • Flooring: Concrete, Hardwood, Tile, Other
  • Unit Count: 0
  • Building Amenities: Bike Rooms, Laundry – Card Operated, Resident Superintendent, Secure Lobby, NONE
  • Construction Materials: Block, Brick
  • Electric: 110 V, 220 V
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 4680.0
  • Building Length: 78.0
  • Building Type: Detached
  • Building Width: 60.0
Agent
Agent Information
  • Net Operating Income: 220550.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 18501.0
  • Owner Occupied: No

Property History for 2069 East 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2069 East 12th Street

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 153 Homecrest
PublicPK to 5

Jhs 234 Arthur W Cunningham
Public6 to 8

I.S. 98 Bay Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2069 East 12th Street is a multi-family home for sale in Homecrest. This property was listed for sale on November 5, 2024 by A P Services Inc, it's currently listed at $3,950,000. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 153 Homecrest, Jhs 234 Arthur W Cunningham and William E Grady Career And Technical Education High School. 2069 East 12th Street is a 0-bed, 19-bath, 18,720 sqft multi-family home built in 1927.

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Listing Courtesy of A P Services Inc

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