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 Market186
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 3
Last Checked: Oct 7 at 6:49PM
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 / 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.
Property Analytics
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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
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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
