1812 East 18th Street

1812 East 18th Street is a 4-story multifamily walk-up building located in the Gravesend and Homecrest neighborhood of Brooklyn. This property is overbuilt with 29,500 square feet plus a basement. Comprised of 34 residential units, of which all of the units are regulated by the Division of Housing and Community Renewal. Each apartment is individually sub-metered, and the building has gas heating with no oil backup. This purchase creates an ideal acquisition for an investor looking to purchase in an upand- coming area as large national chain stores, such as Walgreens and Duane Reade, are opening outlets in this neighborhood replacing the areas typical “mom and pop” operated shops.