Corner Residential Income
For Sale
$310,000
1717 E 18th Street 4P, Brooklyn, NY 11229
Corner co-op unit with a windowed kitchen, king-sized bedroom, elevator access, and abundant storage.
Property Size844 SF
Price / SF$367.30
Days on Market156
Property Features for 1717 E 18th Street 4P
General Information
Standard status
Active
Size
844 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
doorman
laundry
attached garage
Building Details
Building Size
844 SF
Year Built
1957
Listing Agency:
Compass
Listed By:
Tyson Lewis
(917) 716-7361
Source:
Howardhannanyc
Added: Apr 6
Changed: Aug 25
Last Checked: Sep 8 at 11:24AM
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 Compass
Investment Insights
Based on property information with market context.
This 844-square-foot corner co-op unit features a spacious living room with room for seating, dining, or a home office. The king-sized bedroom benefits from windows on two exposures, while the windowed galley kitchen includes a breakfast nook and ample counter space. Three large entry closets provide substantial storage.
Built in 1957, the property is located at 1717 E 18th Street in Brooklyn. The Lamont offers elevator service, a doorman, laundry facilities, and an attached garage with a waitlist. The B/Q trains at King's Highway are two blocks away.
Built in 1957, the property is located at 1717 E 18th Street in Brooklyn. The Lamont offers elevator service, a doorman, laundry facilities, and an attached garage with a waitlist. The B/Q trains at King's Highway are two blocks away.
Key Highlights
- 844‑square‑foot corner co‑op unit
- King‑sized bedroom with windows on two exposures
- Windowed galley kitchen with breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,320
$515.3K
Cap Rate 7%
$368,086
$368.1K
Cap Rate 9%
$286,289
$286.3K
Market Conditions
NOI Build-Up for 844 SF
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.
Gross rent
$47.8K $56.64/SF
− Vacancy
−$956 −$1.13/SF
EGI
$46.8K $55.51/SF
− OpEx
−$21.1K −$24.98/SF
NOI
$25.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,320
Cap Rate 7%
$368,086
Cap Rate 9%
$286,289
Alternative Uses
Best Use
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,766 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$698.8K
$611.5K – $815.3K
NOI $48,918 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner co-op unit with a windowed kitchen, king-sized bedroom, elevator access, and abundant storage.
Where is this residential income property located?
The property is located at 1717 E 18th Street 4P Brooklyn, NY.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 844‑square‑foot corner co‑op unit; King‑sized bedroom with windows on two exposures; Windowed galley kitchen with breakfast nook
