Two-Bedroom Residential
For Sale
$429,000
1717 E 18TH Street 2T, Brooklyn, NY 11229
The apartment includes deeded indoor garage parking and access to a full-time doorman, elevator, and two laundry facilities.
Property Size949 SF
Price / SF$452.05
Days on Market200
Property Features for 1717 E 18TH Street 2T
General Information
Standard status
Active
Size
949 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
kitchen and bathroom present the perfect chance to tailor the space with updates
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Amenities
doorman
live-in super
parking garage
laundry facilities
storage room
children's playroom
Building Details
Building Size
949 SF
Year Built
1957
Listing Agency:
Coldwell Banker Warburg
Listed By:
Eunice Kim
(404) 643-0389
Source:
Howardhannanyc
Added: Mar 24
Changed: Oct 8
Last Checked: Oct 7 at 6:00PM
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 Coldwell Banker Warburg
Investment Insights
Based on property information with market context.
This 949-square-foot, two-bedroom apartment has an oversized living room, a king-sized primary bedroom, generous closet space, and windows in every room. Refinished hardwood floors and fresh paint are in place; the kitchen and bathroom offer room for updates. The home includes a deeded indoor parking space within the building’s garage, along with storage and a children’s playroom.
Building services include a full-time doorman and live-in superintendent. Heat, hot water, gas, taxes, and the deeded parking space are covered by the monthly charges. Subletting is permitted after two years of residency.
The apartment is near the B and Q trains at Kings Highway and Avenue U, with shopping, dining, parks, and the Emmons Avenue waterfront nearby.
Building services include a full-time doorman and live-in superintendent. Heat, hot water, gas, taxes, and the deeded parking space are covered by the monthly charges. Subletting is permitted after two years of residency.
The apartment is near the B and Q trains at Kings Highway and Avenue U, with shopping, dining, parks, and the Emmons Avenue waterfront nearby.
Key Highlights
- 949‑square‑foot apartment with two bedrooms
- Deeded indoor parking space in the building garage
- Full‑time doorman, live‑in superintendent, elevator, and two laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,972
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,440
$579.4K
Cap Rate 7%
$413,886
$413.9K
Cap Rate 9%
$321,911
$321.9K
Market Conditions
NOI Build-Up for 949 SF
Gross rent
$53.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.7K $55.51/SF
− OpEx
−$23.7K −$24.98/SF
NOI
$29.0K $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%
$579,440
Cap Rate 7%
$413,886
Cap Rate 9%
$321,911
Alternative Uses
Best Use
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,972 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$785.8K
$687.6K – $916.7K
NOI $55,004 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment includes deeded indoor garage parking and access to a full-time doorman, elevator, and two laundry facilities.
Where is this residential income property located?
The property is located at 1717 E 18TH Street 2T Brooklyn, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 949‑square‑foot apartment with two bedrooms; Deeded indoor parking space in the building garage; Full‑time doorman, live‑in superintendent, elevator, and two laundry facilities
