1761 E 12th St, Brooklyn, NY, 11229
About This Home
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. These two properties are 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.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt/Tar
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Cellar,Finished,Full
Features
- Door features: Doors - 10 ft and under
- Flooring: Carpet,Ceramic Tile,Hardwood
Heating
- Heating features: Natural Gas,Baseboard
Property
Details
- Parcel number: 067950072
- Zoning: R7A
- Special condition: Arm's Length
Features
- Stories: 2
Lot
- Lot size: 3,510 sqft
- Features: Back Yard,Front Yard
- Lot size dimensions: 30x117
Parking
- Total spaces: 1
- Parking features: Private Drive,1 Space
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $30,334 | $364,008 |
| Home Insurance * | $2,026 | $24,312 |
| Property Taxes | $2,799 | $33,588 |
| Electricity | $246 | $2,954 |
| Total | $35,405 | $424,860 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-08 | Listed for sale | $5,999,000 |
| 2026-06-08 | Listing removed | $5,999,900 |
| 2026-06-07 | Listed for sale | $5,999,900 |
| 2026-02-12 | Listing removed | $5,800,000 |
| 2025-10-24 | Listed for sale | $5,800,000 |
| 2020-04-17 | Sold | $2,325,000 |
| 2020-02-28 | Pending sale | $2,650,000 |
| 2019-12-06 | Price change | $2,650,000 |
| 2019-02-27 | Listed for sale | $2,649,000 |
| 2018-08-01 | Sold | $2,100,000 |
| 2017-02-16 | Sold | $1,800,000 |
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