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2069 E 12th St 19 Unit Apartment Building $4,722,432 CAD ($248,549 CAD/Unit) 6.80% Cap Rate Brooklyn, NY 11229
Executive Summary
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 (plus $24000) and Net Operating Income of $233,980 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
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- Operating and Financials
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$480,252
|
$33.75
|
| Other Income |
$32,947
|
$2.32
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$513,199
|
$36.07
|
| Taxes |
$56,919
|
$4.00
|
| Operating Expenses |
$135,073
|
$9.49
|
| Total Expenses |
$191,992
|
$13.49
|
| Net Operating Income |
$321,208
|
$22.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $480,252 |
| Annual Per SF | $33.75 |
| Other Income (CAD) | |
|---|---|
| Annual | $32,947 |
| Annual Per SF | $2.32 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $513,199 |
| Annual Per SF | $36.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $56,919 |
| Annual Per SF | $4.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $135,073 |
| Annual Per SF | $9.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $191,992 |
| Annual Per SF | $13.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $321,208 |
| Annual Per SF | $22.58 |
Property Facts
| Price | $4,722,432 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $248,549 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.80% | Building Size | 14,228 SF |
| No. Units | 19 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | R5 - a residential zoning district that allows a variety of housing types, including single-family homes, multifamily buildings, and townhouses | ||
| Price | $4,722,432 CAD |
| Price Per Unit | $248,549 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,228 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | R5 - a residential zoning district that allows a variety of housing types, including single-family homes, multifamily buildings, and townhouses |
Amenities
Unit Amenities
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07316-0050 | Total Assessment | $768,493 CAD (2025) |
| Land Assessment | $88,957 CAD (2025) | Annual Taxes | $56,919 CAD ($4.00 CAD/SF) |
| Improvements Assessment | $679,536 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
07316-0050
Land Assessment
$88,957 CAD (2025)
Improvements Assessment
$679,536 CAD (2025)
Total Assessment
$768,493 CAD (2025)
Annual Taxes
$56,919 CAD ($4.00 CAD/SF)
Tax Year
2023
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2069 E 12th St
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