Brooklyn Multifamily Investment
1392 E 18th Street Brooklyn, NY 11230
For Sale
$2,500,000
MULTI_FAMILY - Brooklyn, NY
Property Size6,496 SF
Lot Size0.07 Acres
Price / SF$384.85
Days on Market89
Property Features for 1392 E 18th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 13
- Bathrooms
- 9
- Rooms
- Bedroom 10, Bathroom 8, Bedroom 1, Bedroom 7, Bathroom 9, Bathroom 3, Bathroom 2, Bedroom 8, Bedroom 13, Bedroom 12, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 9, Bathroom 6, Bedroom 5, Bathroom 7, Bedroom 11, Bathroom 1, Bedroom 6, Bathroom 5
- Interior features
- Central Air, Dishwasher, Refrigerator, Stove, Washer, Window Treatments
- Basement
- Finished
- Standard status
- Active
- Size
- 6,496 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 47962
Building Details
- Year built
- 2007
- Floors in Building
- 4
- Number of units
- 6
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Ilite Realty Inc
(718) 975-0555
Listed By:
Yujie Zhang
(718) 975-0555
Added: Apr 27
Changed: Jul 11
Last Checked: Jul 24 at 6:06AM
MLS# 500863
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a fully vacant six-family building located in the Midwood neighborhood of Brooklyn. Constructed in 2007, the brick building is situated on a 30x100 lot. The property contains a mix of four one-bedroom, one-bathroom apartments and two oversized four-bedroom, two-and-a-half-bathroom duplexes. Interior features include hardwood floors and full kitchens. On-site laundry facilities are available. The property also includes three private rear parking spots. The building's construction in 2007 may translate to reduced capital expenditure. The property is zoned R4-1. The building contains 6,496 square feet and the lot size is 0.0689 acres. This property may be suitable for multifamily investors or an owner-occupant looking to reside in one of the duplexes while generating income from the remaining five units.
Key Highlights
- Fully vacant 6‑family built in 2007, brick construction with flat roof
- Unit mix: four 1 bed/1 bath units plus two oversized 4 bed/2.5 bath duplexes
- Hardwood and tile flooring throughout, with full kitchens in each unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $367.9k | $56.64 |
| − Vacancy | −$7.4k | −$1.13 |
| EGI | $360.6k | $55.51 |
| − OpEx | −$162.3k | −$24.98 |
| NOI | $198.3k | $30.53 |
6,496 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M
NOI $198,316 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,508 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully vacant six-family building in Midwood, built in 2007.
Where is this apartment building located?
The property is located at 1392 E 18th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully vacant 6‑family built in 2007, brick construction with flat roof; Unit mix: four 1 bed/1 bath units plus two oversized 4 bed/2.5 bath duplexes; Hardwood and tile flooring throughout, with full kitchens in each unit
