1763 East 12th Street, Brooklyn, NY, 11229

Address

1763 East 12th Street, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 3,200,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#502097
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodMidwood
Zip11229
StyleMixed Use
Taxes$ 47454
Price$ 3,200,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Lot Size0.080579 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

Prime Midwood Development Opportunity – Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package, featuring R7A zoning and a combined lot size of 60’ × 117’ (approximately 7,020 SF). This is a rare opportunity for developers to acquire a substantial site in one of Brooklyn’s most desirable neighborhoods. The property is currently generating approximately $185,000 in annual rental income, allowing investors to benefit from immediate cash flow while planning future redevelopment and minimizing carrying costs. Potential to develop 50+ residential units, subject to zoning, approvals, and architectural review. Potential eligibility for Affordable Housing programs and applicable tax incentive programs, including opportunities that may qualify for 421-a/related replacement tax benefits, where applicable and subject to government requirements. Developers and buyers are strongly encouraged to consult their architect, zoning consultant, and legal professionals to verify buildable square footage, unit count, and eligibility for Affordable Housing and tax abatement programs.

Price History
6/8/2026	Listed $3,200,000

General Features

Roof	Asphalt/Tar
Zoning	R7A
Electric	220 V
Stories Count	2
Property Type	Mixed Use
Yearly Taxes	47454.00
Transaction Type	Sale
Insurance Expense	5852.00
Utility Expense	0.00
Gross Expense	133176.00
Financing	1031 Exchange,Bank Mortgage,Cash
Building Type	Detached
Gross Income	1105920
Status	Active
Fuel Expense	5751.00
Construction Materials	Brick
Cumulative Days on Market	100
MLS Area	Midwood
Sub Type	Mixed Use
City	Brooklyn
Borough	Brooklyn
Number Of Stores	2
DOM	100
Sale Type	Arm's Length
# Families	1
Public Remarks	Prime Midwood Development Opportunity – Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package,featuring R7A zoning and a combined lot size of 60’ × 117’ (approximately 7,020 S

Interior Features

Heating Fuel	Gas
Walls	Masonry
Flooring	Carpeting,Ceramic,Hardwood
Hot Water	Gas
Lavatories	None
Basement Amenities	Cellar,Finished,Full
Commercial Features Exterior	Doors - 10 ft and under
Commercial Features Interior	None

Exterior Features

Exterior	Brick
Yard	Back
Foundation	Block,Poured Concrete
Lot Sq Ft	3510
Loading Docks	None
Property Panorama YN	Yes
Lot Size Length	117
Lot Size Width	30
Parking Attrib	None