1392 East 18th Street, Brooklyn, New York 11230
- $2,500,000
- 13
- BD
- 9
- BA
- 6,496
- SqFt
- List Price
- $2,500,000
- Status
- ACTIVE
- Days on Market
- 93
- MLS#
- 500863
- Style
- Other
- Year Built
- 2007
- Bedrooms
- 13
- Bathrooms
- 9
- Full Baths
- 8
- Half Baths
- 2
- Living Area
- 6,496
- Lot Size
- 3,000
- MLS Area Major
- Midwood
Property Description
A rare fully vacant 6-family in the heart of Midwood — set your rents at market rate from day one. Built in 2007 on a 30x100 lot, this well-maintained brick building offers a diversified unit mix of four 1-bed/1-bath apartments and two oversized 4-bed/2.5-bath duplexes, with hardwood floors throughout, full kitchens, on-site laundry, and three private rear parking spots. Projected gross income of $211,200/year (~8.4% gross yield) with no inherited leases, no holdovers, and no below-market rents to work through. Modern 2007 construction means lower capital expenditure and cleaner books from the start. Ideal for 1031 exchange buyers, multifamily investors, or an owner-occupant ready to live in one of the large duplexes while collecting income from five units. We have all floor plans. reach out to request.
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Additional Information
- Taxes
- $47,961
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Property Description
- Other
- Zoning
- R4-1
- Flooring
- Hardwood, Tile
- Heating
- Gas
- Exterior Features
- Brick
- Stories
- 4
- Roof
- Flat
- Foundation
- Block
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Courtesy Of Ilite Realty Inc