$6,495,000
Updated 3 years ago
Off Market

383 12th Street

Park Slope, Brooklyn | 6th Ave & 7th Ave

20 Rooms8 Beds8.5 Baths7,531 Square FeetIncome Property

$6,495,000
floors / apts4 / 8
Lot Size25'x100'
Built Size22'x30'
ZoneR6B
Building TypeLow-Rise
RE Taxes$1,600
Price Per SF
$862

Outdoor space and views

  • Backyard
  • Balcony
  • Garden
  • Terrace
  • City Views
  • Skyline Views

Building Amenities

  • Virtual Doorman
  • FIOS
  • Laundry Room
  • Roof Deck
  • Wheelchair Access

Property Description for 383 12th Street

Now approved for a 421-a tax abatement for 35 years! Now 100% leased with the following rent roll: 1F $3,000 (studio with 1.5Ba and backyard) 1R $4,500 (large one-bedroom w 1.5 Ba +rec room and backyard) 2F $3,800 Large one-bedroom 2R $2,400 1-bedroom (Affordable housing unit) 3F $4,500 (Large one-bedroom w balcony + home office) 3R $2,400 (Affordable housing unit) 4F $2,400 (Affordable housing unit) 4R $4,500 ( Large one-bedroom w balcony + home office and Manhattan skyline views) = $27,500 × 12 = $330,000 Annual expenses: Water and sewer $3,500 Insurance $4,000 Tax $1,600 $320,900/ $6,495,000= 4.9% CAP RATE 383 12th street is your opportunity to own a brand new multi-family located in highly desirable Park Slope. The building consists of 8 brand new, never lived in, one-bedroom apartments. 6 of the 8 apartments feature private balconies or private backyards. Every apartment features stainless steel appliances including gas range, refrigerator, dishwasher, microwave, central air conditioning and heat, as well as in unit washer dryer. The building features a common roof deck with stunning views of the Manhattan skyline. Living here means having the best of Brooklyn just steps from your door. Great boutiques, restaurants, markets, and bars are along 7th and 5th Avenues, and Prospect Park is just 2 blocks away for concerts, picnics and recreation. The F and G trains are 3 blocks away and the R is a short walk for an easy commute into downtown Brooklyn and Manhattan.

Listing History for 383 12th Street

Now
05/30/2023
Back on the Market by Ronald Sheinin
Compass
05/22/2023
POM by Ronald Sheinin
Compass

Building Details for 383 12th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePost-War
AccessWalk-up
Year Built2021
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.2 miles
4 Av-9 St
0.42 miles
15 St-Prospect Park
0.44 miles
Prospect Av
0.47 miles

Citi Bike

6 Ave & 12 St
0.09 miles
10 St & 7 Ave
0.11 miles

Contact Agent

Contact Agent

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 83372TH