Two-Bedroom
New
For Sale
$699,000
150 E 18th Street 6B, Brooklyn, NY 11226
A prewar elevator building unit pairs flexible living and dining space with in-home laundry and a renovated kitchen.
Property Size1,000 SF
Price / SF$699
Days on Market4
Property Features for 150 E 18th Street 6B
General Information
Standard status
Active
Size
1,000 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
in-unit washer/dryer
Building Details
Building Size
1,000 SF
Year Built
1900
Listing Agency:
Realty Collective LLC
Listed By:
Christina K Fallon
(917) 379-7903
Source:
Penrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Collective LLC
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Investment Insights
Based on property information with market context.
This two-bedroom apartment occupies the top floor of a prewar elevator building constructed in 1900. Windows in every room bring in natural light, while high ceilings, plaster moldings, and refinished hardwood floors retain period character. The kitchen has been renovated with quartz counters, stainless-steel appliances, and a pantry; a washer and dryer are also located in the unit. The living and dining area can be separated with custom barn doors.
The primary bedroom has windows on two sides and a large closet. The second bedroom includes a built-in Murphy bed and additional closet space. The apartment also offers treetop views toward Kensington Tennis Club.
Church Avenue’s B/Q express trains are one block away, and the Parade Ground is two blocks from the building. Prospect Park and several surrounding Brooklyn neighborhoods are also identified nearby.
The primary bedroom has windows on two sides and a large closet. The second bedroom includes a built-in Murphy bed and additional closet space. The apartment also offers treetop views toward Kensington Tennis Club.
Church Avenue’s B/Q express trains are one block away, and the Parade Ground is two blocks from the building. Prospect Park and several surrounding Brooklyn neighborhoods are also identified nearby.
Key Highlights
- Two bedrooms in a top‑floor apartment
- Renovated kitchen with quartz countertops, stainless‑steel appliances, and a pantry
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,443
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,860
$468.9K
Cap Rate 7%
$334,900
$334.9K
Cap Rate 9%
$260,478
$260.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$44.4K $44.40/SF
− Vacancy
−$1.8K −$1.78/SF
EGI
$42.6K $42.62/SF
− OpEx
−$19.2K −$19.18/SF
NOI
$23.4K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,860
Cap Rate 7%
$334,900
Cap Rate 9%
$260,478
Alternative Uses
Best Use
Apartment 5plus
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,727
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A prewar elevator building unit pairs flexible living and dining space with in-home laundry and a renovated kitchen.
Where is this residential income property located?
The property is located at 150 E 18th Street 6B Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two bedrooms in a top‑floor apartment; Renovated kitchen with quartz countertops, stainless‑steel appliances, and a pantry; In‑unit washer and dryer
