Boutique Condominium Duplex
18 MELROSE ST Unit 1 Brooklyn, NY 11206
For Sale
$1,375,000
Floor-through duplex with 2 bedrooms, 2 baths, polished concrete floors, and a private backyard terrace.
Property Size1,445 SF
Price / SF$951.56
Days on Market174
Property Features for 18 MELROSE ST Unit 1
General Information
Standard status
Active
Size
1,445 SF
Property subtype
Duplex
Building Details
Year Built
2021
Listing Agency:
Corcoran Group
(212) 355-3550
Listed By:
Nicole Schmidlein
(410) 703-9775
Source:
Xome
Added: Feb 3
Changed: Jul 21
Last Checked: Jul 27 at 2:24AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Residence #1 is a 1,445-square-foot floor-through duplex featuring 2 bedrooms and 2 bathrooms. The layout includes an open-concept living and dining area with floor-to-ceiling windows, polished concrete floors, and an in-unit washer/dryer. The kitchen is designed for entertaining with an eat-in peninsula, polished Caesarstone countertops, and a stainless steel appliance package from Fisher & Paykel and Blomberg, including a custom built-in exhaust hood.
The duplex also offers a private outdoor space, including an approximately 899-square-foot backyard. The master bedroom provides direct access to the backyard. In addition, the lower level includes its own private entrance, a full bathroom, and direct access to the lower terrace.
The building presents as a boutique condominium made up of a trio of contiguous buildings with imported Greek Aluminco facades. Shared amenities include an open rooftop terrace with expansive views and a lobby. The property is positioned between Bushwick and Bed-Stuy, with parking options nearby and the M/J/Z subway lines within minutes.
The duplex also offers a private outdoor space, including an approximately 899-square-foot backyard. The master bedroom provides direct access to the backyard. In addition, the lower level includes its own private entrance, a full bathroom, and direct access to the lower terrace.
The building presents as a boutique condominium made up of a trio of contiguous buildings with imported Greek Aluminco facades. Shared amenities include an open rooftop terrace with expansive views and a lobby. The property is positioned between Bushwick and Bed-Stuy, with parking options nearby and the M/J/Z subway lines within minutes.
Key Highlights
- Residence #1 is a 1,445 SF floor‑through duplex with 2 bedrooms and 2 baths.
- Includes polished concrete floors and floor‑to‑ceiling windows throughout the duplex.
- Chef’s kitchen features an eat‑in peninsula and stainless steel appliance package from Fisher & Paykel and Blomberg.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.8k | $56.64 |
| − Vacancy | −$1.6k | −$1.13 |
| EGI | $80.2k | $55.51 |
| − OpEx | −$36.1k | −$24.98 |
| NOI | $44.1k | $30.53 |
1,445 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$630.2K
$551.4K – $735.2K
NOI $44,114 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,752 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Floor-through duplex with 2 bedrooms, 2 baths, polished concrete floors, and a private backyard terrace.
Where is this residential income property located?
The property is located at 18 MELROSE ST Unit 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Residence #1 is a 1,445 SF floor‑through duplex with 2 bedrooms and 2 baths.; Includes polished concrete floors and floor‑to‑ceiling windows throughout the duplex.; Chef’s kitchen features an eat‑in peninsula and stainless steel appliance package from Fisher & Paykel and Blomberg.
