1362-1368 East 18th Street

Midwood, Brooklyn | Ave M & Ave N

30 Rooms14 Beds8 Baths6,600 Square FeetMulti-Family

$2,400,000

floors / apts2 / 8

Lot Size60'x100'

ZoneR4-1

Building TypeHouse

RE Taxes$27,636

Price Per SF

$364

Building Amenities

Driveway

Property Description for 1362-1368 East 18th Street

This package consists of two side by side four family properties, with a shared driveway, and lots up of upside potential. Currently this property cashflows at ~2% cap rate. The proforma metrics for this property could yield and investor ~6.2% cap rate after improvements are done. This is your chance to own two adjacent free market 4 family properties. ***Properties will be delivered with tenants in place ***Please Inquire for a financial setup.

Listing History for 1362-1368 East 18th Street

Now

03/11/2022

TOM by Alexis Kravitz

Compass

02/21/2022

$2,400,000 [-$300,000] [11.1%]

Price Drop by Alexis Kravitz

Compass

Building Details for 1362-1368 East 18th Street

OwnershipMulti-Family

Building TypeHouse

AgePre-War

AccessWalk-up

Year Built1931

Floors/Apts2/8

Learn More About the Building

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000. The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022. The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023

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: 82998TH

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