Updated 5 years ago
Off Market
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
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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