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 Market206
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: Oct 27
Last Checked: Oct 27 at 1:17AM
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
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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 / Yr
$25,766
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,779
Businesses Nearby
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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
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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
