601 18Th St, Brooklyn, NY 11218
This completely vacant four-family building at 601 18th Street in Brooklyn, NY, presents a compelling investment opportunity. The property boasts a total of 2,003 square feet and features four units, each comprising two bedrooms and one bathroom. Currently vacant, these units offer a blank canvas for renovation and customization to suit individual needs or rental income generation. A full-size, unfinished basement extends across the entire building's footprint, presenting significant potential for future development and expansion. Shared outdoor space adds value and amenity potential. Each unit benefits from its own separate utilities, simplifying management and maximizing efficiency for landlords. The property's strategic location offers easy access to public transportation, with proximity to the F and G train lines and the expressway. Furthermore, it enjoys a short walk to Prospect Park, local shops, bars, and other neighborhood amenities. Priced at $1,990,000, this property is ideal for investors seeking to build or expand their portfolio or homeowners looking for a multi-family project. The combination of its size, location, and potential makes this a truly exceptional investment opportunity in a thriving Brooklyn neighborhood.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.