NOT LISTED FOR SALE

1241 E 18th St Brooklyn, NY 11230

Midwood Neighborhood
-- Bed
4.5 Baths
3,432 Sq Ft
3,000 Sq Ft Lot

Last Sold January 31, 2024

Last sale price $1,650,000 $481 Per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Avenue M
  • Back and Front Yard
  • Heating System Uses Steam
  • Laundry Facilities
  • 1-minute walk to Kolbert Playground

About This Home

As of January 2024

Introducing a fantastic investment opportunity: a 4-family home that offers immense potential with some renovation and improvements. With a 30×100 lot size and 22×78 build, you can leave it as is or create your 1 Family Dream Home. This property comprises four separate apartments, making it ideal for generating rental income. While it requires some work, this property is an excellent chance to add value and maximize returns.

The first floor of this multi-family home features two 2-bedroom, 1-bathroom apartments. These apartments offer comfortable living spaces, allowing tenants to enjoy privacy and functionality. With two units on the first floor, you have the opportunity to cater to multiple renters, increasing your potential rental income.

Moving to the second floor, you’ll find a 2-bedroom, 1-bathroom apartment along with another 2-bedroom, 1-bathroom apartment.

The basement of this house is not finished but has tons of potential as it is the full length of the home.

Each apartment within this 4-family home has the potential to become an attractive living space for tenants. With some renovation and improvements, you can revitalize the units and create modern, comfortable homes that will appeal to a wide range of renters.

Last Agent to Sell the Property

Karen Behfar

Listed on: 06/29/2023

Last Buyer's Agent

Cina Azarfar

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 100 x 30
  • Back and Front Yard

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Electric Water Heater

Community Details

  • 4 Units
  • Laundry Facilities
  • 4 Vacant Units

Listing and Financial Details

  • Tax Block 67

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Baths Total Level1: 1.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Borough: Brooklyn
  • Building Length: 78.00
  • Building Width: 22.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue M
  • Cross Street Name2: Avenue L
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 4
  • Number Of Families: 4
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Laundry Area, Refrigerator
  • Fill Sq Ft Total: 3432
  • Building Stories: 2
  • Street Name I D X: East 18th
  • Building Style: Duplex
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 4
  • Basement Half Bathrooms: 1
  • Flooring: Hardwood
  • Lot Sq Ft: 3000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 38
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Electric

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 30
  • Zoning: R7A

Multi Family

  • Unit Count: 4

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $1,650,000 -10.8% $481 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $1,850,000 -- $539 / Sq Ft
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Karen Behfar

  • C

    Buyer's Agent in 2024

    Cina Azarfar

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 475100

Brooklyn Board of REALTORS®

APN: 06738-0078

New York Kings County Brooklyn 11230 Midwood

1241 E 18th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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