Corner Residential Income
For Sale
$450,000
1717 E 18th Street 5B, Brooklyn, NY 11229
Two-bedroom corner residence with renovated interiors, hardwood floors, and access to full-service cooperative amenities.
Property Size900 SF
Price / SF$500
Days on Market80
Property Features for 1717 E 18th Street 5B
General Information
Standard status
Active
Size
900 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
doorman
laundry facilities
community room
storage units
garage
FIOS
pet-friendly
Building Details
Building Size
900 SF
Year Built
1957
Listing Agency:
Abacus Properties LLC
Listed By:
Cintra Batchoo
(718) 284-4400
Source:
Carlinwright
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 27 at 2:08AM
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 Abacus Properties LLC
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Investment Insights
Based on property information with market context.
Unit 5B at The Lamont is a 900-square-foot, two-bedroom corner residence in a 1957 elevator cooperative building. The home features a combined living and dining area, windowed kitchen with stainless steel appliances, dishwasher, pass-through, and substantial cabinetry, plus a renovated windowed bathroom. The primary bedroom accommodates a king-sized bed and includes double closets, while the second bedroom offers two exposures and a closet. Hardwood floors, through-wall AC units, tree-lined views, and western and southern exposures complete the interior.
Building amenities include a doorman, renovated lobby and hallways, upgraded elevators, laundry facilities, a community room, FIOS wiring, and a garage with a waitlist. Separate storage units are available for rent, and pets may be accepted on a case-by-case basis. The property is two blocks from the Kings Highway subway stop, with express B and local Q train service reaching Midtown in 35 minutes. Kings Highway shops, restaurants, and cafes are nearby, while Jacob Riis Park, The Rockaways, and Marine Park Salt Marsh Center are a short drive away.
Building amenities include a doorman, renovated lobby and hallways, upgraded elevators, laundry facilities, a community room, FIOS wiring, and a garage with a waitlist. Separate storage units are available for rent, and pets may be accepted on a case-by-case basis. The property is two blocks from the Kings Highway subway stop, with express B and local Q train service reaching Midtown in 35 minutes. Kings Highway shops, restaurants, and cafes are nearby, while Jacob Riis Park, The Rockaways, and Marine Park Salt Marsh Center are a short drive away.
Key Highlights
- 900‑square‑foot two‑bedroom corner unit at The Lamont
- 1957 cooperative building with doorman service and elevators
- Windowed kitchen with stainless steel appliances, dishwasher, pass‑through, and cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,476
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,520
$549.5K
Cap Rate 7%
$392,514
$392.5K
Cap Rate 9%
$305,289
$305.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$51.0K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$50.0K $55.51/SF
− OpEx
−$22.5K −$24.98/SF
NOI
$27.5K $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%
$549,520
Cap Rate 7%
$392,514
Cap Rate 9%
$305,289
Alternative Uses
Best Use
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 11.59%
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 - Two-bedroom corner residence with renovated interiors, hardwood floors, and access to full-service cooperative amenities.
Where is this residential income property located?
The property is located at 1717 E 18th Street 5B Brooklyn, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 900‑square‑foot two‑bedroom corner unit at The Lamont; 1957 cooperative building with doorman service and elevators; Windowed kitchen with stainless steel appliances, dishwasher, pass‑through, and cabinet storage
